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Bullish’s European Subsidiary Secures MiCA License from Germany’s BaFin

Bullish receives BitLicense approval from New York's financial regulator, paving the way for institutional crypto services across the state and complementing its regulatory successes in Europe and beyond.

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Summary

Bullish has received both the Virtual Currency Business Activity License and Money Transmission License from the New York Department of Financial Services, enabling the company to offer institutional crypto services in New York. This comes on the heels of its record IPO and European MiCAR license, expanding its global presence in the crypto market.

Terms & Concepts
  • BitLicense: A license issued by the New York Department of Financial Services that authorizes crypto businesses to operate legally within the state of New York.
  • MiCAR: The Markets in Crypto-Assets (MiCAR) framework is a regulatory system designed to standardize the treatment of cryptocurrency businesses and products within the European Union.
  • Stablecoin: A type of cryptocurrency that is pegged to a stable asset, such as a fiat currency, to minimize price volatility.