The Globe reports (here) that Circle Internet Financial in Boston has gotten the first bitcoin-dealing license (“bitlicense,” of course) from New York state.
Circle Internet Financial, based in Boston, has outlined security, capitalization, controls against money laundering and other measures intended to protect consumers and root out illicit transactions, the Department of Financial Services said Tuesday. State regulators are reviewing applications from 24 other companies under final rules adopted in June, department spokesman Matt Anderson said. The licenses are now required for companies that want to do business with New Yorkers, he said.
Circle’s website says it uses bitcoin as “a better way to send and receive money”, which is sort of the point of using bitcoin, but there must be more to them than that.