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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.

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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