Overview
- NYDFS granted Strike both a BitLicense and a Money Transmitter License, authorizing regulated operations across New York.
- New Yorkers can now buy and sell bitcoin via bank, debit, or wire, set automated recurring purchases, and place price-triggered target orders.
- Users can pay bills from bitcoin balances, including utilities, credit cards, and mortgages, with paycheck-to-bitcoin conversion fees waived on up to $20,000 per month.
- Strike says all customer bitcoin and cash are held 1:1, not lent or used for company operations, with free withdrawals to self-custody and on-chain fees covered.
- The company now falls under NYDFS oversight requiring capital reserves, periodic audits, and cybersecurity examinations, while bitcoin-backed lending remains a planned product not yet launched in New York.