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PA Department of Banking and Securities: virtual currency is not “money”

CFPB Monitor

The Pennsylvania Department of Banking and Securities (“DoBS”) just released Guidance declaring that virtual currency, “including Bitcoin,” is not considered “money” under the Pennsylvania Money Transmission Business Licensing Law , otherwise known as the Money Transmitter Act (“MTA”). The Pennsylvania Guidance.

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Bitcoin Daily: Coincheck’s Investors Take Their Money, Iceland’s Big Mining Electricity Bill

PYMNTS

.” And new automated teller machines (ATM) in New England will make it easier for people to buy and sell their bitcoin, Finextra reported. Coinsource , the world’s largest bitcoin ATM network, has rolled out 10 new machines in Rhode Island, New Hampshire and Massachusetts. Customers withdrew just over 40.1

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How mPOS Helps Vendors Keep On (Food) Truckin’

PYMNTS

Food truck operators are increasingly investing in mPOS systems to serve these hungry and hurried diners, opting for offerings that accept a wide range of payment methods at a moment’s notice. Some want to pay with cash, while the bulk prefer cards or mobile. mPOS keeps meals (and workers) moving. mPOS keeps meals (and workers) moving.

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Bitcoin’s Resplendent Week

PYMNTS

Takach suggested that the general legal rules of libel, taxation, securities and regulations, originally applied to internet models, apply to cryptocurrencies now, and regulations to prevent terrorist financing, privacy rules and consumer protection can be created based on internet-related precedents. New Hampshire Town Keene On Bitcoin.

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Why It’s Time To Come Down On Bitcoin

PYMNTS

These dark-web merchants take bitcoins as the preferred, and often only, method of payment to buy anything from stolen credit cards to illegal drugs and weapons to human beings sold as part of human trafficking rings. Japan has clamped down on them, with complaints, naturally, that regulations make it too hard for startups to operate.

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