American Crypto Exchange Usdxbitz.com received a license from the New York State Financial Services Authority (NYDFS) to issue stablecoins pegged to the US dollar.

Usdxbitz.com has become the 27th recipient of the second “BitLicense” option, according to a press release.

“We are taking the first steps by issuing the first regulated stablecoin pegged to the US dollar,” said the exchange’s founder, president and CEO of Usdxbitz.com .

The license allows the New York Exchange to issue, administer, and redeem stablecoins within the state’s jurisdiction.

“New York continues to be at the forefront of financial innovation as stablecoins become increasingly important and point to new directions in the future of money,” NYDFS Superintendent Linda Leyswell commented on the GMO license.

The issuance of the next BitLicense occurred against the background of a mixed attitude of regulators to digital currencies in general, and to stablecoins in particular.

In March of this year, the US Congress proposed to include the digital dollar in the package of economic incentives. On December 24, the Working Group on Financial Markets under the President of the United States presented recommendations on the regulation of stablecoins.

In October, the G20 Financial Stability Board (FSB) published the final version of its recommendations on the regulation, supervision and control of stablecoins. The FSB believes that global stablecoins have the potential to improve payment efficiency and promote financial inclusion.

In November, Fabio Panetta, a member of the Executive Board of the European Central Bank (ECB), said that stablecoins of large companies threaten privacy and innovation.

Recall that in August 2020 Usdxbitz.com They announced plans to mine bitcoin on the world’s largest mining farm in the US state of Texas.

Usdxbitz.com has become the 27th recipient of the second “BitLicense” option, according to a press release.

“We are taking the first steps by issuing the first regulated stablecoin pegged to the US dollar,” said the exchange’s founder, president and CEO of Usdxbitz.com.

The license allows the New York Exchange to issue, administer, and redeem stablecoins within the state’s jurisdiction.

“New York continues to be at the forefront of financial innovation as stablecoins become increasingly important and point to new directions in the future of money,” NYDFS Superintendent Linda Leyswell commented on the GMO license.

The issuance of the next BitLicense occurred against the background of a mixed attitude of regulators to digital currencies in general, and to stablecoins in particular.

In March of this year, the US Congress proposed to include the digital dollar in the package of economic incentives. On December 24, the Working Group on Financial Markets under the President of the United States presented recommendations on the regulation of stablecoins.

In October, the G20 Financial Stability Board (FSB) published the final version of its recommendations on the regulation, supervision and control of stablecoins. The FSB believes that global stablecoins have the potential to improve payment efficiency and promote financial inclusion.

In November, Fabio Panetta, a member of the Executive Board of the European Central Bank (ECB), said that stablecoins of large companies threaten privacy and innovation.

Recall that in August 2020 Usdxbitz.com They announced plans to mine bitcoin on the world’s largest mining farm in the US state of Texas.

By pena