Bitcoin rises above $6,300 as NY approves dollar-linked digital currencies

Bitcoin briefly climbed above $6,300 on Monday after New York state’s Department of Financial Services approved the Gemini Trust Company’s and Paxos Trust Company’s dollar-linked digital currencies, the first stable coins to get the nod from the regulator.

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