RATE Group | Coinbase Resumes Cryptocurrency Trading in Wyoming After Three-Year Absence
37897
post-template-default,single,single-post,postid-37897,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Coinbase Resumes Cryptocurrency Trading in Wyoming After Three-Year Absence

06 Aug Coinbase Resumes Cryptocurrency Trading in Wyoming After Three-Year Absence

Posted at 22:42h in Cryptocurrency News by

[ad_1]

Coinbase has announced the resumption of cryptocurrency trading service in the state of Wyoming. This announcement comes after three years of the platform ceasing all operations in the “cowboy state” due to regulatory issues.

Coinbase Renews Money Transmitter License in Wyoming

The largest cryptocurrency exchange platform in the U.S., Coinbase, has resumed cryptocurrency operation in Wyoming. It recently renewed its money transmitter license, which allows customers to trade cryptos on the platform. This renewal comes after a three-year absence in the state.

In 2015, Coinbase suspended operations in Wyoming. This was due to the Wyoming Money Transmitter Act which required all exchanges to double reserve the assets of state residents. Three years later, in 2018, new legislation was signed into law, which eliminated the issue of the double reserve.

The San Francisco-based platform worked with many people to make crypto operations in Wyoming a reality once again. David Miller, Wyoming…

[ad_2]

Source link

Tags:
, , , , , ,