Coinbase announced this week that its operational license was renewed by the state of Wyoming. Locals there can once again use Coinbase to buy, sell and spend supported cryptos, this after a three year absence. The return was made possible after the Wyoming state legislature passed some laws making the Western state more receptive to cryptos. One such law exempts property taxes on cryptocurrencies.
Mike Lempres, Chief Legal & Compliance Officer, stated:
“Regulators and legislators can work together to foster innovation by either licensing cryptocurrency money transmissions or exempting cryptocurrency from money transmission laws. The leadership and partnership between the state legislature and Governor Matt Meade allowed for this new legislation to be signed into law, under which cryptocurrency companies in Wyoming are no longer required to double reserve the assets of state residents. Now Coinbase and other compliant, regulated cryptocurrency companies can serve Wyoming customers in the same way we serve customers from nearly every other state.”
Robinhood now in Iowa and Georgia
There are two new locations were cryptocurrency trading is now supported for clients on the Alto-headquartered US stocks brokerage app: Robinhood Financial. There was an official announcement on the company’s Twitter page, stating that the service is rolling out to Iowa and Georgia. In addition to BTC, BCH, ETH, LTC and Doge, the app now supports Ethereum Classic (ETC). Robinhood is available in 19 US states: Arizona, California, Colorado, Florida, Georgia, Indiana, Iowa, Massachusetts, Michigan, Mississippi, Missouri, Montana, New Jersey, New Mexico, Pennsylvania, Texas, Utah, Virginia and Wisconsin.
Okcoin sued by user
Media reported from China that a user of Okcoin by name Feng Bin is suing the exchange over some missing bitcoin cash. According to the client, he was to receive about 38.75 BCH after the fork due to his holdings before the even t which just marked its one year anniversary. He said he was told by the Okcoin support staff, after he contacted the for help on how to recover his BCH, that the deadline set by the exchange for such recovery had expired, and because of that he was no longer eligible.