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New York approves crypto license for trading app Robinhood

Robinhood Markets has been granted a virtual currency license. The New York State Department of Financial Services (DFS) approved the so-called BitLicense on Thursday to the New York-based company's subsidiary, Robinhood Crypto LLC. “We’re delighted that Robinhood Crypto has been granted a virtual currency license and a money transmitter license in New York. This will complement the larger suite of investment services that New Yorkers already have access to on the Robinhood platform," said Robinhood co-Founder and co-CEO Vlad Tenev. "We look forward to their ongoing guidance as we prepare to launch Robinhood Crypto in New York,” he added.

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