Coinbase Receives NYC Regulator’s License to Offer Litecoin and Ethereum

[kreslik.news]

New York’s financial regulator, the state Department of Financial Services (DFS), announced today that Coinbase’s licensing application to offer Ethereum and Litecoin has been approved, based on its positive review of the company’s policies.

The San Francisco-based company said it was also approved to offer users in New York access to ‘Shift Card’, a Coinbase linked debit card service.

The state license allows Coinbase, Inc., a wholly owned subsidiary of Coinbase Global, Inc., to offer services for the Ethereum network, a cryptocurrency and blockchain platform, as well as its digital cryptography-based asset, dubbed ‘Ether’.

In addition, the regulator authorised the usage of Shift ... (read more)