New York state’s financial regulator is about to issue "bitlicenses" to Coinbase and Ripple Labs, allowing the San Francisco-based bitcoin companies to operate in the state.
The New York State Department of Financial Services recently received applications from both companies, according to the regulator’s weekly report in late April. Now, an anonymous source close to the matter confirmed to Reuters that the requests will be approved, though the source did not say when the approvals would be announced.
http://www.ibtimes.com/bitcoin-services-may-expand-new-york-poised-licenses-coinbase-ripple-2364909
