Money Transmitters
Let's Stop Regulating Crypto Exchanges Like Western Union
It's time for U.S. crypto exchanges to face the same rules as non-crypto marketplaces and brokers, says our columnist.
DOJ Charges Crypto Seller With Operating Unlicensed Money Transmitting Business
Michael Yusko III allegedly used bank accounts held in the name of several companies to sell cryptocurrencies for profit.
New Jersey Man Admits to Running Unlicensed Bitcoin Exchange
The erstwhile operator of “Destination Bitcoin” could face up to five years in federal prison and a $250,000 fine.
Hawaii to Let More Crypto Companies Join Regulatory Sandbox
Hawaii's Digital Currency Innovation Lab is accepting a second round of applications through Feb. 26.
Rhode Island Will Regulate Crypto Under Money Transmitter Laws
The latest in a patchwork of state regulations, Rhode Island pens formal legislation regarding cryptocurrencies and money transmission.
FinCEN Says Some Dapps Are Subject to US Money Transmitter Rules
Decentralized applications (dapps) may sometimes qualify as money transmitters under U.S. law, FinCEN said.
Utah Bill Would Exempt Blockchain Firms from Money Transmitter Act
A senator from the U.S. state of Utah has introduced a bill to exempt blockchain firms from being classed as money transmitters.
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.
North Carolina Senate Approves Bitcoin Bill
A bill requiring money transmission licenses for companies working with digital currencies in the state of North Carolina has passed.
