X (Twitter) obtained license for Virtual Currency.

Let's break it down and see what does it mean...

Companies that seek to engage in any cryptocurrency-related operations on behalf of their users are legally required to get a currency transmitter license. X is allowed to store, transfer, and trade digital currency thanks to the license. It also enables it to provide a wide array of services pertaining to cryptographic assets.

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With the issuance of this license by Rhode Island, X is added to a list of organizations that already have the legal right to control virtual currency transactions on behalf of other people, including cryptocurrency exchanges, digital wallets, and payment processors. It should be noted that Rhode Island, one of the 50 US states, is the only place where this license is valid.

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TLDR; So they actually only can use that feature in one US state. This is proof how headlines can make hype if you actually don't read the article.

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