Bitcoin Exchange ItBit Seeks Bank License With Ex-FDIC Chair

[Coinbuddy]

ItBit has filed an application for a state banking license in New York.

In statements to CoinDesk, New York State Department of Financial Services (NYDFS) spokesman Matthew Anderson confirmed the filing.

ItBit may be approved within the next few weeks, according to a report by Reuters, citing individuals with knowledge of the process.

SOURCE: http://www.coindesk.com/bitcoin-exchange-itbit-seeks-bank-license-with-ex-fdic-chairs-support/