CoinBase Receives New York License for Bitcoin

Bitcoin market exchange CoinBase has received licensing from the New York Department of Financial Services (DFS) to expand its business to New York; the bitcoin licensing process involved analysis of the company’s anti-money laundering, capitalization, consumer protection and cyber security policies; along with CoinBase, the New York DFS approved four additional firms for virtual currency business operations including licenses for XRP II and Circle Internet Financial, and charters for Gemini Trust Company and itBit Trust Company.  Source

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