Japanese Bitcoin exchange bitFlyer launches in US

[btcyoda]

ALBANY — State financial regulators delved into the virtual world Tuesday, granting a virtual currency license to Bitcoin dealer bitFlyer USA. The move by the Department of Financial Services allows bitFlyer USA — a wholly-owned subsidiary of Japan-based bitFlyer, Inc. — to offer online digital currency exchanges, trading platforms and custodial wallet services for the Bitcoin digital currency.

"As New York's financial services regulator, DFS's mission is to encourage innovation while protecting markets and consumers," said Financial Services Superintendent Maria T. Vullo. "As the virtual currency market expands, New York will continue to support technological innovation while enforcing strong state-based regulation.".

Before granting the license, state officials reviewed the company's anti-money laundering, capitalization, consumer protection, and cyber security policies. BitFlyer is the sixth firm to receive a virtual currency license or charter from the state.

Licenses have previously been given to Coinbase Inc., XRP II and Circle Internet Financial, and charters to Gemini Trust Company and itBit Trust Company.

[Haunebu]

This is big news according to me. Thanks for this update op. Japan has always been an active supporter of bitcoin and the crypto world as far as I know and them opening another crypto exchange is really good for bitcoin and the crypto world in the long run. Their values will surely spike once this exchange commences operations and I support this move completely.

[kueyen]

Good news. Always nice to see new players entering the market. The interest in bitcoin is through the roof and it would be a shame if people had to rely on a handful of exchanges to invest their money.

[vibingpositively]

Thanks OP for this information good to know they are getting more active and trying to expand their user base. Looks like they are on the fast track to becoming #1 exchange.

[Raimy]

This is big news and welcome news too. I am signing up right now as it is good to have more options available and to spread my funds around to minimize exchange risk.