New York State Department of Financial Services (DFS) gave a BitLicense to the world’s largest Bitcoin ATM company Coinsource, according to an announcement posted on the official website of the regulator.
DFS Grants Virtual Currency License to Coinsource, Inc. https://t.co/MCYZtgolfQ
— NYDFS (@NYDFS) November 1, 2018
It was also stated that Coinsource is the first DFS virtual currency licensee to operate Bitcoin Teller Machines (BTM), which allow users to withdraw as little as $5 and as much as $5,000 per day.
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