Tag Archives: US Casinos

New York Warms to Bitcoin to help support Bitcoin Casinos in the future

Over the last couple of months we have seen nothing but positive news for Bitcoin and Bitcoin Casinos. In January the New York Department of Financial Services announced it had granted a virtual currency and money transmitter license to the world’s biggest bitcoin exchange Coinbase.

If you didn’t know Coinbase is the world’s largest bitcoin company and currently operates in over 30 countries.

Maria T. Vullo from the Financial Services Superintendent said the agency was continuing “New York’s long record of being responsive to technological innovation.”

DFS said it had conducted a comprehensive review of Coinbase’s applications, including the company’s anti-money laundering, capitalization, consumer protection, and cyber security policies. Coinbase, which is subject to ongoing supervision by DFS, offers services for buying, selling, sending, receiving, and storing bitcoin.

“At Coinbase, our first priority is to ensure that we operate the most secure and compliant digital currency exchange in the world,” said Brian Armstrong, Coinbase chief executive officer and co-founder.

In addition to Coinbase, the DFS also granted money transmitter licenses to Ripple and Circle Internet Financial and trust charters to Gemini Trust Company, founded by the Winklevoss brothers, as well as itBit Trust Company.

About CoinBase

If you didn’t know Coinbase is the world’s largest bitcoin company and currently operates in over 30 countries.¬†Coinbase currently has two trading platforms: one for retail investors and one for institutions.