RATE Group | Coinsource Receives First BitLicense to Operate Bitcoin ATMs in New York
47552
post-template-default,single,single-post,postid-47552,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Coinsource Receives First BitLicense to Operate Bitcoin ATMs in New York

01 Nov Coinsource Receives First BitLicense to Operate Bitcoin ATMs in New York

Posted at 19:09h in Bitcoin News by

[ad_1]


bitcoin atm coinsource


The world’s largest bitcoin ATM company has finally received official approval to operate in New York. They had previously been operating in New York almost since the company’s inception via a provisional license. Last year, they received coverage in the New Yorker and have frequently been in the news with word of new ATMs across the country. Coinsource is creeping toward 200 machines, the majority of which are two-way ATMs — meaning that users can buy and sell bitcoin through them. Coinsource ATMs support transactions from $5 to a limit of $5,000 per day.

BitLicense #9

Coinsource believes that real-world bitcoin ATMs are important for the adoption of bitcoin as a whole. According to an external spokesperson, regulations are worth the wait in that they “legitimize” things. Speaking of their BitLicense being granted, she said:

“Coinsource has been operating with a provisional license within that state, so the approval of the license does not…

[ad_2]

Source link

Tags:
, , , , , ,