itBit Raises $25 Million, Granted Charter by NYDFS to Operate Nationwide with FDIC Insurance

By May 7, 2015Bitcoin Business

Today, international bitcoin exchange itBit announced it had been granted a trust charter by the New York Department of Financial Services (NYFDS) under New York State banking law. This is the first such charter granted to a digital currency company by the NYDFS. ItBit also announced the successful completion of a $25 million Series A funding round and the expansion of their board of directors.

Under the charter granted to itBit by the NYFDS, itBit […]

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