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The licenses, issued by the NYSDFS, permit entities to transmit, receive, store, maintain custody of and act as an exchange for virtual currencies in New York State.
The news around Coinbase and Ripple, both based in San Francisco, follows a similar approval for the Gemini Trust Company, founded by the Winklevoss twins, on Thursday.
Once approved, the licenses would add to a nascent digital currency industry taking hold in New York. On Thursday, NYDFS approved the application of Gemini Trust Company, founded by investors Tyler and Cameron Winklevoss, to trade a digital currency called ether on its bitcoin exchange.
http://www.reuters.com/article/us-new-york-bitcoin-licenses-exclusive-idUSKCN0XW2FA
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