Tuesday, December 16, 2014

US State Bank Supervisors Issue Model Regulation for Digital Currencies


csbs


The Conference of State Bank Supervisors (CSBS) has released a draft proposal for regulating digital currency businesses.


The membership group, which represents bank regulators from US state agencies but does not play a direct role in how states craft new financial rules, outlined a number of areas in which it believes companies that work with digital currencies should be supervised, including approaches to consumer protection, licensing, and security.



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