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Cryptocurrency startup Tagomi gets BitLicense to operate in New York


Tagomi Trading LLC, a cryptocurrency venture backed by Paradigm and Pantera Capital, has become the 18th firm to receive a coveted BitLicense. The crypto brokerage firm received approval for a virtual currency license and a money transmission license. As a result, Tagomi is now authorized to offer trading for “non-securities virtual currencies“, including Bitcoin, Bitcoin Cash, Ether, and Litecoin. The controversial BitLicense was first established in 2015 in a bid to regulate the rapidly expanding virtual currency market. The piece of legislation is issued by New York State Department of Financial Services (NYSDFS) and was first introduced and designed by Benjamin…

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