Bitcoin services provider Xapo has confirmed that it will no longer operate in the state of North Carolina.
Speaking to CoinDesk, Wences Casares, founder of Xapo, said:
Mounting regulation concerns
Xapo is not the first company to cease operations in a part of the United States amidst the development of regulation perceived to be onerous and potentially damaging to digital currency focused companies.
In June, San Francisco-based Coinbase announced that it was shutting down operations in the state of Wyoming until further notice, citing actions taken by the Wyoming Division of Banking.
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