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.
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