Cryptocurrency firms to get an easier regulatory process

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carlton.west
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The Conference of State Bank Supervisors (CSBS) will on Tuesday unveil the new regulatory regime for money services businesses, which will undergo a single exam by a joint group of state regulators that oversee licensing, instead of dozens of individual state exams.

The new streamlined regime applies to 78 large payment and cryptocurrency firms, which combined move over $1 trillion annually. It aims to make it easier for companies to operate across multiple states.


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