Regulation

Keeping up with changing regulations as a crypto business owner is a challenge, to say the least. An industry launched as an economical alternative to big finance finds itself increasingly subject to the same regulations in the U.S. that govern banks and other financial institutions. While...

A proposed expansion of California's Department of Business Oversight would mean big changes to how cryptocurrency businesses are regulated in the state. California's budget might not make the morning coffee shop talk for most us, but cryptocurrency money services businesses/money transmitters operating in the state might...

The regulatory environment for cryptocurrency businesses is very much in flux. There are a lot of changes coming, and many of them could have a big impact on the cryptocurrency market. Of course, it’s impossible to predict the future, but there are three major questions we...

FinCEN guidances have caused no shortage of confusion in the cryptocurrency community. The watchdog group has detailed the current financial laws and regulations that apply to cryptocurrency businesses several times over the past few years, but each subsequent announcement only seems to muddy the waters....

At first glance, when thinking about the challenges in applying the Travel Rule to cryptocurrency, the most immediate and common reaction is to exclaim that cryptocurrency is not engineered for transmitting customer information with the funds. For those in crypto, it’s another square peg fitting into...

One of the most challenging things about cryptocurrency compliance is the fact that MSB/money transmitters not only need to observe federal regulations but every individual state’s unique financial regulations as well.  This might not be that bad if you’re just opening a single crypto ATM in...

As we approach 2020, it’s important to keep an eye on how regulators are reacting to cryptocurrency businesses. In 2019, we saw regulators seemingly “wake up” to issues in the industry, and they issued a large number of new rules as a result. This doesn’t mean...

To regulate or not to regulate? For many lawmakers, that is the question surrounding cryptocurrency exchanges. Some countries have already begun to regulate cryptocurrency exchanges as they would banks. South Korea, for example, recently unveiled plans to recognize its local exchanges as regulated banks. Several proponents...

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