On January 18, the New York Department of Financial Services (NYDFS) officially granted Coinbase with the BitLicense, a frequently criticized regulatory framework designed for Bitcoin due to its impractical requirements and policies.
Only two companies have obtained the BitLicense to this date since its introduction in August 2015. Although nine companies including Xapo, Bittrex, and Bitstamp applied for the license to operate in New York, it has only been granted to Circle and Ripple. Coinbase is the third company to receive permission from the NYDFS to function in the state of New York legally...
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https://btcmanager.com/news/business/co ... to-comply/
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