[Galaxy Obtains New York State BitLicense, Legally Conducting Crypto Business in New York State] According to Golden Finance, on May 18, crypto financial services company Galaxy obtained a BitLicense issued by the New York State Department of Financial Services (NYDFS). It is reported that the BitLicense is one of the most stringent state-level crypto regulatory licenses in the United States, with extremely high requirements for applicants in terms of compliance, capital, and operations. With this license, Galaxy can legally provide cryptocurrency-related services in New York State, including trading, custody, and other businesses.