28 Jan '15, 3pm

"Coinbase, a Bitcoin Exchange, Is Operating Without Licenses So Far" by NATHANIEL POPPER via NYT

Photo Benjamin M. Lawsky, the New York State financial services superintendent, is developing a so-called BitLicense. Credit Ozier Muhammad/The New York Times Updated, 8:16 p.m. | The best-funded company in the Bitcoin industry appears to be operating without the proper licenses in the world’s financial capital. Coinbase, a company based in San Francisco with funding from the New York Stock Exchange and other big investors, said this week that it had opened as the first regulated Bitcoin exchange in several states, including New York. But a spokesman for the top financial regulator in New York said the company did not have the licenses necessary to operate as a Bitcoin exchange in the state. “We are working with several companies, including Coinbase, on licensing and will continue to move forward expeditiously,” said Matthew Anderson, a spokesman for Benjamin M. Lawsky, th...

Full article: http://dealbook.nytimes.com/2015/01/28/coinbase-a-bitcoin...

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