Bitfinex exits Washington State due to license problems

Announcements | March 1, 2017 By:

Bitcoin exchange Bitfinex announced it will no longer be doing business with clients in Washington State following a regulatory debacle with the Division of Financial Institutions.

In a notification reproduced on Reddit by a Washington resident user, the exchange said that it would need to acquire a state money transmitter license in order to continue serving clients.

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Poland’s financial official calls for cryptocurrency regulation

Regulation | February 23, 2017 By:

Poland’s Financial Ombudsman, Aleksandra Wiktorow, has called on the country’s Ministry of Finance to regulate the local cryptocurrency industry.

Wiktorow told local radio broadcaster Polskie Radio that her office has filed an official letter to the ministry in which it said that Poland’s cryptocurrency market is experiencing rapid growth and should be subject to regulations that would protect customers of cryptocurrency exchanges.

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Bitcoin will soon be legally recognized as a method of payment in Japan

Regulation | February 14, 2017 By:

Japan has a new law that will make bitcoin usable, for some, as legal tender. The bill with provisions for cryptocurrencies has recently passed through the period of public consultation and will enter into force in April.

Companies hoping to deal in bitcoin must submit to a long list of regulations to ensure that the ‘coins’ are not being used for “criminal activity”.

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