Payments company PayPal Holdings Inc (NASDAQ: PYPL) has converted its conditional virtual currency license into a full-fledged “BitLicense.”
What Happened: According to a report from CoinDesk on Wednesday, PayPal has been awarded an official virtual currency license from the New York Department of Financial Services (NYDFS).
PayPal is one of the 20 recipients to receive the official license which allows businesses to have well-regulated access to the New York marketplace through partnerships and licensed firms.
Related Link: EXCLUSIVE: New York …
Full story available on Benzinga.com