From: Payment Week
by Kevin Xu
Leading bitcoin wallet and exchange Coinbase recently tipped its hat to North Carolina’s forward-thinking regulatory requirements for bitcoin businesses.
Coinbase commented on North Carolina’s Money Transmitters Act, which the company said was on “the right avenue for regulation.”
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On top of this, the anti-money laundering rules for digital currency firms are based on those introduced by FinCEN in 2013, negating any friction caused by having redundant or conflicting requirements on either the state or federal levels.
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