The Department of financial services of the state of new York (NYDFS) report that issued the license Regulations, which specifies the requirements for the current bitcoin and blockchain-companies in the state of new York, the Texas company Coinsource, the operator of more than 200 bitcoin ATMs (Bitcoin Teller Machine, BTM), 40 of which are set in this state.

According to the head of Department Maria Vullo (Maria T. Vullo), this will be the next step towards the introduction of strong legislation and effective monitoring by risk assessment, will contribute to the growth of innovation in the financial sector.

In the Coinsource expressed gratitude to the NYDFS, noting that this is the first case where bilicenii was the operator of VTM. The application for licensure was reviewed in 2015 – during this time the Agency has thoroughly studied the company, and it is thanks to the regulator introduced some changes in their policies and procedures.

We would like to sincerely thank the state of New York and the New York Department of Financial Services (@NYDFS) for granting us the first Virtual Currency to License a #Bitcoin ATM operator. pic.twitter.com/VgGNBALFOB

— Coinsource (@Coin_Source) November 1, 2018

We will remind, in June bilicenii received payment company Square and the operator cryptocurrency wallet Xapo. As earlier it was reported that the U.S. Senate may be asked to cancel or to renegotiate it.