regulation Tag

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...

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...

It’s vital to control for the risks that come with running a cryptocurrency business, but how do you identify those risks in the first place? The first step all cryptos must take (before they open for business) is to compile a risk assessment. A cryptocurrency risk...

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...

Blockchain technology's ability to decentralize systems is both its blessing and its curse. On one hand, proponents of the technology praise decentralization as its biggest benefit. They're not wrong. Nobel Prize winner Ronald Coase once proposed that dealmaking was more productive when done collectively. Blockchain technology...

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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