Cryptocurrencies

ICE’s Bakkt Has Issues. A N.Y. Crypto License Might Fix Them.

  • Firm’s plan is said to face CFTC scrutiny over token storage
  • NYSE owner could seek state license to ease agency’s concerns
Photographer: Tomohiro Ohsumi/Bloomberg
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Intercontinental Exchange Inc. has been facing resistance from federal regulators over a key part of its ambitious plan to bring Bitcoin to the masses.

Now, the owner of the New York Stock Exchange is turning to state watchdogs to get the project over the goal line.