Ripple Gains Ground: Secures Money Transmitter Licenses In NY And Texas
Blockchain payment company Ripple has announced the acquisition of two additional Money Transmitter Licenses (MTLs) in the United States, one from New York and another from Texas on Monday. This brings Ripple’s total to over 55 Money Transmitter Licenses across its payments, custody, and stablecoin operations, underscoring the company’s robust growth in the regulatory landscape. […]
Related News
Marco Santori of the Bitcoin Foundation has a piece up on CoinDesk in which he explores money transmission licenses at the state level in the US. This, he argues, is much trickier than simple FinCEN registration. The state with jurisdiction ultimately decides whether to grant a business a license to transmit money. It’s not a right, and it’s no entirely predictable for a 50-state rollout. Also, because a business meets FinCEN’s definition of a money transmitter does not mean the same applies at the state level. South Carolina and Montana do not even require licenses for such companies, and....
Okcoin has secured new financial connections and acquired licenses to expand its footprint in Europe. Okcoin Secures Licenses In Malta And Netherlands Okcoin announced on July 28 that it had received “In Principle” permission from the Malta Financial Services Authority and formal registration from the Netherlands Central Bank in a press release. Okcoin will become […]
Regulation has been a hot topic in the Bitcoin community since the FINCEN guidance in March, and in the Bitcoin conference that took place this past weekend an entire quarter of the conference was dedicated to economic and regulatory issues. The guidance evoked strong feelings of both relief and uncertainty throughout the Bitcoin community; although ordinary Bitcoin users are now almost certainly clear of regulation, a fact that has allowed the Humble Bundle and the Electronic Frontier Foundation to feel comfortable accepting the currency, Bitcoin exchanges will now likely be required to....
Coinapult, a payment processor and storage provider, is now offering its bitcoin wallet services for US customers. Prior to this, the company's website had been blocked in the country since it had not yet obtained the necessary licenses then. The company has since come up with an integration with Crypto Capital, which is a licensed money transmitter in Panama. With that, the bitcoin wallet can allow US clients to deposit, withdraw, and transfer currencies. Bitcoin Wallet Services. "Coinapult is not a licensed money transmitter business, and as such, we did not offer our services to the US....
Today, the Texas Coinitiative posted a new update to their blog: The Texas Alcoholic Beverage Commission OK's Bitcoin-For-Alcohol sales. Elsewhere in the country, Ohio lawmakers have stymied Bitcoin adoption somewhat by banning Bitcoin-For-Alcohol sales in their state. Elsewhere in Texas, the Texas Department of Banking (DOB) released a guidance which clearly states that businesses accepting cryptocurrencies do not require state money transmitting licenses. Texas, as one of the larger states in America, has understandably been leading the charge in Bitcoin adoption. In March, the Texas....