🧐 Bakkt exchange may be seeking NY BitLicense
According to Bloomberg sources, Bakkt may be seeking a New York BitLicense as a solution to CFTC concerns with their futures application. The CFTC has cited custody for consumers as major hiccup. A state custody license like NY's BitLicense would be recognized by the CFTC, checking the box for Bakkt. Even if a license is granted, Bakkt would still need CFTC approval to launch.
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