Startup Receives First BitLicense from New York State

Circle Internet Financial, a Boston-based bitcoin startup backed by Goldman Sachs Group Inc, has received New York's first BitLicense, allowing it to offer digital currency services in the state. The BitLicense from the New York Department of Financial Services is based on the first set of U.S. state guidelines for companies that operate in virtual currencies such as bitcoin, which is created and exchanged independent of banks.