Sentences with phrase «existing money transmission»
Governor Jay Inslee signed SB 5031 on April 17, 2017 which updates the existing money transmission laws to include businesses dealing with virtual currencies.
https://www.bitcoincenternyc.com/
Coinbase Exchange is not licensed to operate in California under existing money transmission laws, the California Department of Business Oversight (DBO) has reportedly stated.
Not exact matches
The proposed legislation would repeal and replace the existing statue concerning permissible investments for money transmitters, Section 36a - 603 of the Connecticut General Statutes, «Investments equal to amount of outstanding money transmissions in this state.
In addition, the group contended that the licensing requirements set forth by the ULC are «reasonable» and would resolve uncertainties that currently exist with states that have already adopted money transmission and virtual currency licensing laws.
These fall outside of current frameworks and if regulation exists at all it is simply state rules established for money transmission services.