Strike Secures NY BitLicense and Money Transmitter License
Payments platform Strike has obtained a virtual currency license and a money transmitter license (MTL) from the New York State Department of Financial Services (NYDFS), authorizing the company to provide its Bitcoin services to individuals and businesses in New York.
Approved in February, the licenses permit Zap Solutions, Inc., which operates as Strike, to function under New York’s digital asset regulatory framework, the company said in a release on Thursday.
New York residents can now use Strike to buy and sell Bitcoin (BTC), set up recurring or price-target purchases, and convert direct-deposited paychecks into Bitcoin. The platform also supports bill payments from Bitcoin balances and withdrawals to self-custody wallets.
Founder and CEO Jack Mallers described the BitLicense as a significant milestone that enables the company to expand its Bitcoin-focused financial services in a major financial market.
The BitLicense allows companies to conduct digital currency activities with New York residents, but it does not grant nationwide authority. Firms typically need to secure MTLs in other states to operate across the United States.
The framework requires companies to maintain capital reserves, implement Anti-Money Laundering (AML) controls, and undergo periodic regulatory examinations.
New York authorization remains a key step for U.S. crypto companies
The approvals represent another phase of Strike’s U.S. expansion, with New York’s stringent licensing regime often serving as a benchmark for crypto firms seeking regulated market access.
Other BitLicense holders in New York include MoonPay, Coinbase, eToro, Robinhood, and Circle, according to NYDFS records.
New York regulators have also taken enforcement actions against licensees. In 2024, Genesis Global Trading agreed to surrender its BitLicense and pay an $8 million penalty after investigators identified deficiencies in its AML and cybersecurity programs.
In 2025, Adrienne Harris, former superintendent of the New York State Department of Financial Services, said the state has an “outsized role to play” in the crypto ecosystem and that lawmakers frequently consult the regulator when drafting digital asset legislation.
Stay informed, read the latest news right now!
Disclaimer
The content on TrustsCrypto.com is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency markets are highly volatile, always do your own research before making decisions.
Some content may be assisted by AI and reviewed by our editorial team, but accuracy is not guaranteed. TrustsCrypto.com is not responsible for any losses resulting from the use of information provided.
