Mike Novogratz’s Galaxy receives New York BitLicense for institutional crypto push
Mike Novogratz's Galaxy Digital has been granted a New York BitLicense, allowing the firm to expand its institutional cryptocurrency services in the state. This license enables Galaxy to offer a range of crypto-related services to institutional clients, enhancing its position in the competitive crypto market. The approval comes as New York continues to regulate the cryptocurrency industry more rigorously. Galaxy's move is part of a broader trend of traditional financial institutions entering the crypto space.
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