Bitcoin Regulation Underway in Connecticut

By May 13, 2015Bitcoin Business

A draft of  bill concerning bitcoin regulation has been passed by the Connecticut House of Representatives and is pending Senate approval. Once implemented, this bill would allow the state’s top financial regulator to oversee activities in the cryptocurrency industry.

In particular,  Substitute House Bill No. 6800  would require companies to specify that it plans to offer bitcoin services upon seeking a money transmission license from the Connecticut Banking Department. Financial regulators in the state can […]

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