28 Feb '17, 11am

Coinbase Exits as Hawaii Requires Bitcoin Companies to Hold Fiat Reserves

Coinbase Exits as Hawaii Requires Bitcoin Companies to Hold Fiat Reserves

One of the most obtuse regulations I ever heard of. That would be like mandating your local convenience store to hold enough cash to refund every item sold in the store. Once you have purchased a product, it is yours. How long you hang out in the parking lot with it, (i.e leave it on the exchange), is the customer’s responsibility. The store is under no obligation to pay for your purchase if they and/or you are robbed. Coinbase does hold insurance over funds held on the exchange. As do I, hold insurance on my vehicle. Must I have to hold cash and assets commensurate in value to cover damages/injuries in a collision with other drivers in Hawaii also? Clearly regulators in Hawaii cant tell the difference between an asset and a hole in their head. I praise Coinbase for their move. Sorry, Hawaii, innovation will sail past your little isolated island. An island of foolish regul...

Full article: https://news.bitcoin.com/coinbase-exits-as-hawaii-require...

Tweets

Coinbase Waves Goodbye Hawaii, Thank You Ignora...

steemit.com 28 Feb '17, 12pm

On Today's Episode Of The Cryptoverse: Unfortunately, with no good options, Coinbase will require all Hawaii-resident cust...

Bitcoin Exchange Coinbase Stops Services in Haw...

cryptocoinsnews.com 28 Feb '17, 9pm

Twitter Linkedin Facebook Reddit Weibo Prominent Bitcoin and Ethereum exchange and wallet Coinbase announced that it is fo...

Coinbase Just Stopped Serving Bitcoin Customers in Hawaii

Coinbase Just Stopped Serving Bitcoin Customers...

coindesk.com 27 Feb '17, 9pm

Digital currency exchange Coinbase said today that it will stop serving customers in Hawaii following regulatory changes i...

Indian Bitcoin Companies Come Together to Self-...

cointelegraph.com 01 Mar '17, 5pm

A number of Indian Bitcoin companies have come together to form the Digital Asset and Blockchain Foundation of India (DABF...

Which Marketing Strategy is Best for Blockchain, Bitcoin Companies

Which Marketing Strategy is Best for Blockchain...

cointelegraph.com 28 Feb '17, 10am

While Bitcoin, and particularly Blockchain, awareness and interest are on the rise , in the global scheme of things these ...

Bitcoin Exchange Bitfinex Exits Washington Stat...

cointelegraph.com 01 Mar '17, 1pm

Bitcoin exchange Bitfinex has suddenly withdrawn from Washington State following a regulatory debacle it has appeared to l...