Major Milestone: New York Licenses Bitcoin ATMs, Now Fully Regulated26.36

New York’s chief financial regulator has approved a Bitcoin-based ATM company to receive a controversial Bitlicense, granting them the ability to offer their services in the state.

Coinsource Inc., the company behind a wide-number of Bitcoin automated-teller machines across the United States, can now offer their cryptocurrency buying and selling services across the state of New York. The New York Department of Financial Services (NYDFS) granted the company approval to receive a controversial Bitlicense – a license that governs cryptocurrency-related businesses operating in the state of New York.

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