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CryptoWatch: Bitcoin ATM provider gets first stamp of approval from New York authority

Fort Worth, Texas-based bitcoin ATM provider Coinsource has received its BitLicense from the New York State Department of Financial Services (NYDFS), the company said Thursday.

Coinsource becomes the first virtual currency ATM provider to be granted the license and the 12th company overall to receive the stamp of approval from the state regulator, the company said.

“All New Yorkers — from the people that are unbanked to the people who own the banks — can use our kiosks in their neighborhood retail locations to buy bitcoin instantly in a convenient and familiar way,” said Sheffield Clark, CEO of Coinsource in a press release.

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