On July 31, PANews reported that Circle has been granted a limited-purpose trust charter by the New York State Department of Financial Services (NYDFS). The new entity is named Circle Internet Trust Company LLC, operating under the trade name Circle New York Trust. This approval further strengthens Circle’s compliance framework in New York, following its acquisition of one of the first BitLicenses in 2015.
Circle Obtains Limited Purpose Trust License in New York to Enhance USDC Compliance
PANewsShare
Summary
Circle has obtained a limited-purpose trust license from the New York State Department of Financial Services (NYDFS), strengthening its compliance framework. The new entity, Circle Internet Trust Company LLC, operates under the name Circle New York Trust. This follows Circle’s 2015 BitLicense and supports its ongoing compliance obligations in the state.
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