Select Bitcoin Businesses Exempt from Money Transmitters Act In North Carolina
The North Carolina Office of the Commissioner of Banks (NCCOB) has exempted virtual currency miners and users; non-financial blockchain services; and multi-signature and non-custodial wallet providers from the state's Money Transmitters Act (MTA), CoinDesk reported. The NCCOB is responsible for the chartering and regulation of North Carolina's state banks, trust companies, mortgage companies, as well as registration and licensing of various financial institutions operating in the state.
“The NC MTA regulates the transmission of virtual currency. It does not regulate the use of virtual currency”, the NCCOB states in the FAQ section.
The agency pointed out that the regulation of virtual currency "exchangers and administrators" depends on their business model.
http://www.econotimes.com/Select-Bitcoin-Businesses-Exempted-from-Money-Transmitters-Act-In-North-Carolina-129197
Topic: [2015-12-10] Select Bitcoin Businesses Exempt from Money Transmitters Act....... (Read 261 times)
December 10, 2015, 07:16:03 AM
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