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Bitcoin exchange receives first licence in NY state

YEAR-LONG EFFORT: Mr Lawsky has proposed a so-called BitLicense that he hopes to finalise later this month. He has been trying to bring new rules to the virtual currency industry.

New York

NEW York state's top financial regulator has granted the first licence to a Bitcoin exchange, allowing it to open legally to customers across the country.

The exchange, itBit, said on Thursday that it was beginning to take on US customers immediately after receiving a