According to BusinessWire, BitPay, a block-chain payment provider, recently announced that it had obtained a virtual currency license from the Financial Services Bureau of New York Department of Financial services.
![](https://i0.wp.com/paypay.me/"wp-content/uploads"/2018/08/bitcoin-503581_960_720.jpg?resize=448%2C316)
The virtual currency license allows BitPay to trade with companies and consumers headquartered in New York.
New york-based businesses can use BitPay to accept global users to buy bitcoin and bitcoin cash.
The FSA has conducted a comprehensive review of the application of BitPay, including corporate anti-money laundering, customer awareness, anti-fraud, capitalization and cyber security policies.
BitPay is the eighth company to receive a financial services authority virtual currency license.