http://www.bloomberg.com/news/2013-12-09/few-bitcoin-related-license-requests-reported-by-state-agencies.htmlState financial regulators have received few applications for licensing Bitcoin businesses even as they’ve handled many inquiries about them, according to David Cotney, the commissioner of banks in Massachusetts.
The licensing inquiries came after the Treasury Department’s Financial Crimes Enforcement Network said in March that companies that trade virtual currencies including Bitcoin are considered money transmitters for the purpose of complying with anti-money-laundering rules. Money transmitters, which include Western Union Co. (WU) and MoneyGram International Inc. (MGI), require licenses in most states.
