“The conditional virtual currency license allows businesses to have well-regulated access to the New York marketplace through partnerships with licensed firms, ensuring that New Yorkers have access to a wide variety of virtual currency products with appropriate consumer protections,” she said. “With PayPal’s conversion to a BitLicense, the conditional license is now a proven framework for licensure.”
Source: https://www.coindesk.com/business/2022/06/07/paypal-converts-conditional-virtual-currency-license-to-full-bitlicense/?utm_medium=referral&utm_source=rss&utm_campaign=headlines