Jack Mallers’ Strike cleared to offer Bitcoin brokerage and payments in New York

Strike, the Bitcoin-focused fintech company headed by Jack Mallers, has successfully obtained both a BitLicense and a Money Transmitter License from the New York State Department of Financial Services (NYDFS). This dual licensing clears a significant regulatory hurdle, enabling Strike to offer its Bitcoin-native brokerage, savings, and payments services to New York residents and businesses. Mallers emphasized that this allows them to bring their mission to the global financial center while adhering to the highest standards. The platform allows users to buy, sell, automate Bitcoin purchases, and convert paychecks into BTC for bill payments. Strike's entry into the highly regulated New York market intensifies competition among licensed crypto providers.

(Source：Crypto Briefing)