Pennsylvania Clarifies That Crypto Exchanges Are Not Money Transmitters
Pennsylvania's government has clarified that crypto exchanges and providers do not require a money transmission license to operate.
Hawaii's Digital Currency Innovation Lab is accepting a second round of applications through Feb. 26.
The latest in a patchwork of state regulations, Rhode Island pens formal legislation regarding cryptocurrencies and money transmission.
The erstwhile operator of “Destination Bitcoin” could face up to five years in federal prison and a $250,000 fine.
Decentralized applications (dapps) may sometimes qualify as money transmitters under U.S. law, FinCEN said.
A senator from the U.S. state of Utah has introduced a bill to exempt blockchain firms from being classed as money transmitters.