ok快讯 reported on November 27 that according to an announcement from Coinbase Assets, Pepe (PEPE) is now open to users in New York State. Users can buy, sell, convert, send, receive or store PEPE assets through the Coinbase official website and its iOS and Android applications.
Coinbase obtained a virtual currency business license from the New York State Department of Financial Services (NYDFS) on January 17, 2017 to ensure compliance operations. In addition, NYDFS approved Coinbase to establish Coinbase Custody Trust Company LLC in 2018. However, due to failure to comply with the Bank Secrecy Act and the Anti-Money Laundering Program (BSA/AML Program) as well as transaction monitoring and network security programs, Coinbase reached a $100 million settlement agreement with NYDFS in 2023.