New York State Department of Financial Services Grants Virtual Currency License To XRP II, LLC, An Affiliate Of Ripple - Four Virtual Currency Firms Have Now Received Approval By DFS To Operate In New York

Maria T. Vullo, Acting Superintendent of Financial Services, today announced that the New York State Department of Financial Services (DFS) has approved the application of XRP II, LLC, an affiliate of Ripple Labs, Inc., for a virtual currency license.