On September 22, 2015, Anthony J. Albanese, Acting Superintendent of Financial Services, announced that the New York State Department of Financial Services approved Circle Internet Financial's BitLicense application. This would make Circle Internet Financial the first company to receive a BitLicense from the NYDFS. The NYDFS finalized its BitLicense rules in June 2015 after receiving public comments on the proposed framework, making New York's BitLicense the first comprehensive regulatory framework for firms dealing in virtual currency. The rules include guidelines on consumer protection, anti-money laundering compliance and cybersecurity. The NYDFS has received 25 BitLicense applications to date.

The NYDFS press release is available at: http://www.dfs.ny.gov/about/press/pr1509221.htm