Bitcoin ATM operator Coinsource has been granted a virtual currency license, or ‘BitLicense,’ from the New York State Department of Financial Services (NYDFS), according to a press release published Nov. 1. The regulator has thus given its formal seal of approval for New Yorkers to use cash to buy or sell Bitcoin (BTC) using Coinsource’s “Bitcoin Teller Machines (BTMs).” The Texas-based operator already deploys 40 such machines across the state – in New York City, Westchester and Nassau County – and is the first BTM operator to receive a NY virtual currency license. BTMs are touchscreen kiosks that enable customers …

CoinSource, a Bitcoin ATM network in US, has just announced the instalment of two Bitcoin ATMs in two of America’s most highly populated states: California and Texas. The Bitcoin ATMs installed today are one-way GenesisCoin BTMs where customers can instantly purchase bitcoin in a convenient way. Both BTMs found their new homes today, December 16, 2015. The new Bitcoin ATM installed in Palo Alto, California is strategically located in the city’s technology district just two miles from Stanford University and four miles from Google’s headquarters, at the Barron Park Market at 3878 El Camino Real, otherwise known at State Route …