Strike Secures New York BitLicense, Opening Bitcoin Financial Services to State Residents

Strike, the Bitcoin financial services firm founded 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 approval allows Strike to operate in New York, a highly regulated digital asset market, offering its Bitcoin brokerage, payments, and custody services to state residents and businesses.

The BitLicense regime requires firms to adhere to strict standards regarding capital reserves, cybersecurity, and operational transparency. Mallers called the license a "defining milestone" for Strike's mission to become the leading Bitcoin financial institution, bringing its platform to the "global center of finance."

New York users will now access services like buying and selling Bitcoin via linked bank accounts, direct paycheck conversion into Bitcoin, automated trading tools, and the ability to pay bills directly from their Bitcoin balance. Strike assures customers that balances are held one-to-one, and it covers on-chain withdrawal fees.

(Source：Bitcoin Magazine)