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Fidelity applies for Trust License from New York

Cryptocurrency

According to Ethereumworldnews, Fidelity ‘s department of cryptographic money, called Fidelity Digital Asset Service (FDAS), entered the process of applying for a Trust license from New York.

Fidelity’s Initiatives

Fidelity’s crypto-money team applied to the New York Financial Services Department, the Gemini Trust, and other state-run businesses, among others. 

If FDAS can obtain a license, it will be able to work on the surveillance of cryptocurrencies in New York State.

Fidelity, which manages trillions of dollars of investment and has thousands of corporate customers, launched FDAS at the end of last year. Since then, it has been testing crypto money surveillance services. In addition, according to the recently claimed claims, the company is also working on a cryptocurrency investment platform. If these two applications are combined, Fidelity may have taken an important step in the adoption of crypto.

Fidelity and Crypto Coins

Fidelity’s step is just one of the steps that Crypto Money and Blockchain have taken. According to some earlier reports, Fidelity is actively looking for locations where Blockchain technology can be used in various parts of the international business world. In addition, according to Forbes, Fidelity’s 8,000 employees can create a portfolio of digital assets of in-house crypto money. 

On the other hand, Anne Richards, who has been the Chief Executive Officer of the Bitcoin mining company for years, made the following statement:

In the end, we have a bitcoin investment game that we use within the company to teach distributed notebook technology and digital token to people who will be an important part of the entire financial system.

 

Disclaimer - OBN is an informational website which aims to give the latest blockchain related news to the readers. Articles on OBN should not be considered as investment advice. Trading cryptocurrencies is a high-risk investment, every user is advised to consult an expert before making any decisions.