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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”).

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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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Bitcoin’s Resplendent Week

PYMNTS

Although user access to the payments platform was not restricted officially, delays by financial regulators that seemed to have no intent in resolving issues meant that PayPal did not renew its financial license. Bitcoin Regulations. Bitcoin regulation, as Turkey is emphasizing, is a bane in bitcoin’s behind.

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Why It’s Time To Come Down On Bitcoin

PYMNTS

It should be a call to action to the cybersecurity regulators that, when innovation — even intellectually and technologically sophisticated innovation — goes off the rails, it’s time to give a good hard look with an eye to reining it way, way in. She was awarded the Presidential Medal of Freedom from President John F. Kennedy in 1962.

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