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Topic: [2015-04-23] Reuters: itBit seeks New York banking license (Read 500 times)

legendary
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This is very exciting news!
hero member
Activity: 675
Merit: 500
Exclusive: Bitcoin exchange itBit seeks New York banking license

http://www.reuters.com/article/2015/04/23/us-bitcoin-itbit-idUSKBN0NE2JL20150423

In a little noticed move, bitcoin exchange itBit has filed for a banking license in New York, according to the state banking authority.

Approval for the license may come in the next couple of weeks, people familiar with the matter told Reuters, which could make itBit the first bitcoin company to be regulated as a bank in the United States.


At first, I thought it would be bitlicense, not banking license. If it does get a banking license, it could be a big boost for Bitcoin.
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