Money transmission is going to undertake some forms of change in both Michigan and California. Both have to do with what is know as an “agent of payee” and how the definition of the term. In the state of Michigan has passed through legislation in which transactions enacted by an “agent of payee” are not […]
Bitcoin “Exchanger” without Money Transmitter License Indicted on 28 Counts of Money Laundering California native Jacob Burrell-Campos, 21 years old, has been arrested at the U.S-Mexico border for dealing on bitcoin without a money transmitter license. He was held without bail on charges of operating an “illegal money transmitting business,” the United States Department of […]
Coinbase Renews Wyoming Money Transmitter License Bringing Bitcoin Back to The Cowboy State Coinbase, one of the largest Bitcoin and cryptocurrency exchanges set out with an ambitious goal to operate in all 50 states and beyond, adhering to every federal and state regulations. That endeavor proved to be a challenge as various states’ regulations had […]
Washington Money Transmitters and Currency Exchanges Assessment Deadline The State of Washington announced today the deadline for Money Transmitters and Cryptocurrency exchanges Annual Assessment, July 2nd 2018. Reports and payments must be filed through the Nationwide Multistate Licensing System (NMLS) website by July 2nd lest fines and penalties will apply. Washington State has been very active […]
South Carolina Introduces Money Services Division to Govern Money Transmitters South Carolina Office of the Attorney General has just announced yesterday a new division to govern Money Service Businesses and Currency Exchange Businesses. The Attorney General will be the commissioner of the Money Services Division and the law requiring licensing will come into effect May […]
New York BitLicense May Be Replaced by Digital Seal Getting Rid of Fees Just over a year ago on January 2017, Coinbase became the third virtual currency business to obtain a New York Bitcoin license, or ” BitLicense, ” granted by the New York Department of Financial Services (DFS). The New York Bitcoin Licensing scheme […]
Under New Crypto-friendly Laws, Virtual Currency Exempt from Taxes in Wyoming Last Month the State of Wyoming made headlines for passing a series of revolutionary laws turning the state into one of the most cryptocurrency friendly jurisdictions. One of the laws, HB70 makes Wyoming the only state in the Union to define Tokens as a […]
Oregon State Agency Receives Coinbase and Digital Currency Complaints, Offers Warnings On January 10, 2018 The Bend Bulletin reported that Oregon’s Department of Consumer and Business Services received complaints from consumers related to Coinbase. Spokes man Brad Hilliard said the costumer complaints were in regards to delays in receiving their digital currency on Coinbase. Since […]
Facebook's digital currency, Libra, is a lot of what we expected and a little of what we didn’t.
The post Facebook’s Libra Is Here. But It Might Not Be What You Think. appeared first on Bitcoin Magazine. […]
CoinMarketCap has announced that 70 percent of exchanges listed on its platform have provided exchange data around trading volume to improve transparency.
The post CoinMarketCap Transparency: 70% of Exchanges Complied With Exchange Data Request […]
Edan Yago is the founder of CementDAO, an effort to bring together stablecoins into a unified ecosystem. The views expressed here are his own. With the announcement of Libra, cryptocurrency has entered the big leagues. Facebook’s entry into […]
Dan Salmon takes six months to illustrate Venmo security isn't fully prepared for threats.
The post Computer Science Student Scrapes Seven Million Venmo Mobile Payments Transactions appeared first on Payment Week. […]
Amid the bullish trend in the bitcoin market, bitcoin’s popularity seems to be on the rise particularly in Asian markets.
The post Asian Markets’ Appetite for Crypto on the Rise, Pushing Bitcoin Premium Surge appeared first on Bitcoin […]
Crypto wallet provider Breez has announced an initial version of its Lightning payments app for iPhones.
The post Breez Announces Beta Version of iOS Lightning Payments App appeared first on Bitcoin Magazine. […]