Money Transmitter License Not Required for Crypto Businesses in Pennsylvania

Money Transmitter License Not Required for Crypto Businesses in PennsylvaniaOn Wednesday, Jan. 23, the Pennsylvania Department of Banking and Securities (DoBS) published guidance for virtual currency businesses operating in the state. The state’s financial agency has decided a money transmission license for cryptocurrency operations is not required. Also Read: Former Mt Gox CEO Reflects on Incarceration in Japan While Facing More Prison Time Banking Department […]

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Hawaii’s New Money Transmitters Act Will Require Virtual Currency Licenses

Hawaii's New Money Transmitters Act Will Require Virtual Currency LicensesThe state of Hawaii is planning to regulate the use of bitcoin and digital currencies that would require licensure to transmit cryptocurrency-based funds. Two bills introduced by a group of partisan Hawaiian lawmakers are focused on digital currencies as a monetary instrument under the state’s Money Transmitters Act. Also read: Coinbase Exits as Hawaii Requires Bitcoin […]

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Dancing With the Devil: ‘Cashing Out’ Cryptos Into Fiat Not So Easy

Dancing With the Devil: 'Cashing Out' Cryptos Into Fiat Not So EasyBitcoin and other cryptocurrency assets are precious and some of them have grown over 1300 percent in value this year. Although, with the price on exchanges being higher than ever before its now a bit more difficult for those who want to ‘cash out’ or make significantly large purchases without being watched by the prying […]

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