San-Francisco based bitcoin exchange Coinbase will be soon stop servicing customers in the state of Wyoming due to Wyoming Division of Banking’s regulatory standards that will make business in that state impractical, the company stated on their blog .
The announcement reads: “Coinbase is indefinitely suspending its business in Wyoming.” The state’s recently introduced Wyoming Money Transmitter Act requires services to hold a 25% fiat reserve in order to operate by law. This means they […]
