One more NY BitLicense issued to bitcoin ATM operator

Posted 01 February, 2019

The New York State Department of Financial Services (NYDFS) reportedly issued one more BitLicense to a BTM operator. This time, the license was given to Cottonwood Vending LLC, which now can run business in New York.

"DFS Grants Virtual Currency License to Cottonwood Vending LLC, Continues to Advance Responsible Innovation in New York’s Fintech Industry," the Twitter post reads.

According to the news reports, Cottonwood Vending LLC became the third platform authorised by New York authorities in 2019. Aniello Zampella, Cottonwood founder and CEO, said that people can both purchase and sell bitcoin for cash via its kiosks.

The popularity of bitcoin ATMs also called BTMs has been soaring in the USA lately. Specifically, Coinstar reported in January that it would install some kiosks in some states countrywide. As a result, customers in California, Texas and Washington will soon be able to buy bitcoins at the related stores. In addition, the company targets covering more states in the long run.

For reference, the state regulator launched BitLicenses back in the mid-2014. Many representatives of the blockchain and crypto industries say that this license is a must have in order to operate in New York state. Earlier this year, the New York regulator granted BitLicense to Robinhood Crypto and LibertyX.

With a BitLicense, platforms ensure that they are sticking to the AML and anti-terrorism financing policies. Besides, the authority checks all employees as well as transactions performed at the platform over a 10-year period. 

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04 February, 2019 11:30

← Positive labour market reports support US dollar, US Fed officials to make speech this week

The US dollar stays generally positive at the start of the week. Traders expect some US Fed officials to make statements this week. The US Dollar index improved to some 95.420. At present, the US dollar is getting support from a strong labour report in the USA. Specifically, the figures were above the expected level with new jobs reaching 304,000. For reference, the forecast was set at 165,000. China's financial markets have gone for the Lunar New Year this week.

Positive labour market reports support US dollar, US Fed officials to make speech this week

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01 February, 2019 16:29

B2C2 licensed for crypto derivatives trading in UK →

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B2C2 licensed for crypto derivatives trading in UK
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