New York City

New York’s Bitcoin ATM Could Hit BitLicense Snag

(CoinDesk) In recent months, the state of New York has started to engage with the Bitcoin economy. The state’s Department of Financial Services (NYDFS) will hold public hearings on the regulation of digital currencies on Jan. 28-29 in the city.

The NYDFS hearing will include a “broad cross-section” of observers and participants in the “virtual currency industry.”

As a result of New York’s regulatory focus on Bitcoin, there is a possibility that ATM owner 30-year-old Willard Ling’s bubble tea ATM won’t be installed any time soon, as Inc. magazine’s Wire blog pointed out.