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Bitcoin rises above $6,300 as N.Y. approves dollar-linked digital currencies

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Bitcoin rises above $6,300 as N.Y. approves dollar-linked digital currencies

Bitcoin rises above $6,300 as N.Y. approves dollar-linked digital currencies
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Dado Ruvic(Reuters)
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NEW YORK (Reuters) - Bitcoin briefly climbed above $6,300 (4,839 pounds) on Monday after New York state's Department of Financial Services approved Gemini Trust Company's and Paxos Trust Company's dollar-linked digital currencies, the first stablecoins to get the nod from the regulator.

At 9:24 a.m. (1324 GMT), the world's biggest and best known virtual currency was up 0.58 pct at $6,268.50 on Luxembourg-based Bitstamp exchange.

(Reporting by Richard Leong)

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