North Carolina to tie virtual currencies to “monetary value” under existing laws, rather than create new regulations
In a story published today on CoinFinance, an unnamed North Carolina Commission of Banks (NCCOB) spokesperson said that regulators in the state were opting to handle bitcoin-based investments and businesses under existing rules. The NCCOB will treat bitcoin and other cryptocurrencies as “monetary value,” as defined in the N.C. Money Transmitters Act. Under those rules, […]