The NYDFS licensing approvals have granted New York users access to Strike’s Bitcoin broking, recurring orders, and paycheck-to-Bitcoin services.
The New York State Department of Financial Services (NYDFS) gave payments company Strike a virtual currency licence and a money transmitter licence (MTL). This lets the company sell its Bitcoin services to people and businesses in New York.
The permits, which were given in February, let Zap Solutions, Inc., which does business as Strike, act under New York’s digital asset regulatory framework, the company said in a release on Thursday.
Source: NYDFS
Bitcoin purchasing and payroll conversion now available
People in New York may now utilise Strike to buy and sell Bitcoin (BTC $69,958), set up recurring or price-targeted purchases, and turn their direct-deposited pay cheques into Bitcoin. Users can pay bills with Bitcoin and withdraw funds to keep them safe.
Jack Mallers, the founder and CEO of Strike, said in a statement, “Getting our BitLicense is a defining milestone for Strike.” He went on to say that the approval lets the firm grow its Bitcoin-based financial services in a big financial market.
A BitLicense lets businesses in New York do deal with people who use digital currency, but it doesn’t let them do business all across the country.
Most of the time, businesses that want to do business in more than one state need to get MTLs in other states as well.
The framework requires companies to maintain capital reserves, implement Anti-Money Laundering (AML) controls, and undergo regular regulatory examinations.
New York licenses remain a major industry benchmark
The permits represent another milestone in Strike’s growth in the US. Other crypto startups often use New York’s strict licensing rules as a model to enter regulated markets.
According to NYDFS records, MoonPay, Coinbase, eToro, Robinhood, and Circle are also based in New York and have BitLicenses.
Regulators in New York have also implemented measures against individuals who possess licences. In 2024, Genesis Global Trading consented to relinquish its BitLicense and pay a $8 million sanction to the regulator in response to the discovery of deficiencies in its AML and cybersecurity systems by investigators.
Adrienne Harris, who used to be the head of the New York State Department of Financial Services, stated in 2025 that the state has a “outsized role to play” in the crypto ecosystem and that lawmakers often talk to the regulator when they are writing laws for digital assets.