AB 2269 vetoed. Here’s how California moves forward with sensible, effective cryptocurrency regulation.

AB 2269 vetoed. Here’s how California moves forward with sensible, effective cryptocurrency regulation.

AML, California, compliance, Consumer Protection, FinCEN, KYC, money transmitter license, MTL, News, Regulation, Regulations, Regulators, state regulationLeave a comment

AB 2269 vetoed. Here’s how California moves forward with sensible, effective cryptocurrency regulation. On Friday, Governor Gavin Newsom vetoed California Assembly Bill 2269 (AB 2269). The bill would have effectively required ANY individuals or entities engaged in exchanging, transferring, storing, or other activities to obtain a license from the California Department of Financial Protection and…

Bitcoin ATMs and Why KYC is Important

Bitcoin ATMs and Why KYC is Important

Bitcoin ATM, Compliance 101, Compliance Tip, Consumer Protection, crypto AML, know your customer, KYC, tiered-based KYCLeave a comment

Over the last several years, there has been an influx of “BTMs” popping up all over the place. According to Coin ATM Radar, at the time of writing, there are over 39,000 Bitcoin ATMs in the world today compared to 14,000 at the end of 2020. Of these, nearly 87% are reportedly located in the…