Laissez Faire launches in 49 states

Announcements | September 21, 2015 By:

Laissez Faire (LZF) announced the launched of its digital currency-to-fiat exchange platform in 49 states.

This event makes the LZF exchange the first US-based exchange to operate legally throughout the entire US, minus New York. The New York exemption is due to the necessary, yet widely opposed, BitLicense.

The structure of the new exchange can be likened to a SaaS (software as a service) platform. Essentially, LZF has developed banking relationships that allow for the company to manage the ledger and the platform while the bank acts as a custodian of the funds. LZF has also made certain that all user deposited funds are FDIC insured.

LZF is a currency trading platform based in Santa Fe, New Mexico.