29 Jul '17, 10pm

Poloniex Quits Washington State as New Exchange Rules Become Active

Poloniex Quits Washington State as New Exchange Rules Become Active

News 42 mins ago | By Sterlin Lujan - | 2698 | 4 Poloniex Quits Washington State as New Exchange Rules Become Active Back in April, Washington politicians finished piecing together and finalizing the regulations for bitcoin exchanges. Those guidelines and rules are now active . Lawmakers pushed Senate Bill 5031 through the House and Senate, and it was signed into existence by governor Jay Inslee. Also read: Fork Watch: Take Extra Precaution When Trying to Access Post-Fork Tokens Bill Requirements for Bitcoin Exchanges The rules declare that anyone who operates a cryptocurrency exchange within Washington must apply for a license from the State. They must also contract with a third party auditor and have their system disrobed and inspected. The bill states, “For business models that store virtual currency on behalf of others, the applicant must provide a third-party security...

Full article: https://news.bitcoin.com/washingtons-bitcoin-exchange-reg...

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