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U.S. state regulators address virtual currency rules framework

U.S. state regulators address virtual currency rules framework

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States-led body seeks imput on draft rules framework for virtual currency​ state regulations

                            

​​WASHINGTON, 13 January 2015 – ​The U.S. Conference of State Bank Supervisors is seeking comments on a draft model regulatory framework for state regulations on virtual currency. The CSBS said certain virtual currency activities raise concerns in the areas of consumer protection, marketplace stability and law enforcement and should be subject to state licensure and supervision. 

>> Learn more, see other items in this week’s ICBA News

Payment instruments; Payments innovation; Payment systems; E-commerce; e-Payments; Clearing and Settlement; Remittances; Regulation; Supervision; Banking Technology; Digitalisation; Internet banking; Innovation