May 7 2015 logo-americanbanker.png

Bitcoin Exchange itBit Gets N.Y. Trust Charter, Bank Partner


"itBit sought approval from New York regulators in order 'to serve as a custodian for our clients' assets and expand our services to U.S. customers,' CEO and co-founder Charles Cascarilla said in the release. The company holds bitcoin and fiat currency in custodial accounts."

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