Exchanges Aren't Money Trasmitters, - Pennsylvania

Pennsylvania ruled that crypto exchanges do not fall subject to the Money Transmitter Act
24 January 2019   595

Cryptocurrency companies that provide money transfer services in Pennsylvania do not need a license to provide this service. This is stated in the new guide of the local Department of banking and securities.

Thus, only fiat currency, or currency issued by the United States government, is “money” in Pennsylvania. Virtual currency, including Bitcoin, is not considered “money” under the MTA. To date, no jurisdiction in the United States has designated virtual currency as legal tender.
 

Money Transmitter Act Guidance for Virtual Currency Businesses

In favor of such a decision, the fact that cryptobirds "never directly work" with Fiat and carry out transactions through bank accounts, said the Department added.

The rules also apply to owners of cryptocurrency terminals.

In both the one-way and two-way Kiosk systems, there is no transfer of money to any third party. The user of the Kiosk merely exchanges fiat currency for virtual currency and vice versa, and there is no money transmission. Thus, the entities operating the Kiosks would not be money transmitters under the MTA.
 

Money Transmitter Act Guidance for Virtual Currency Businesses

According to a December study, 15% of people send remittances from the US to cryptocurrency.

Poloniex to Bring Back the Trollbox

According to Poloniex owner, the "most frequent request has been, “BRING BACK THE TROLLBOX”, a general topic chat  
19 June 2019   147

Due to numerous requests from users, the Bitcoin exchange Poloniex activated a general chat, better known as Trollbox.

You’ve been asking for it and we’re excited to tell you IT’S HAPPENING: Trollbox is back! Poloniex’s Trollbox is the original forum for traders to talk all things crypto. Our legendary mods are ready to go, armed as always with the mighty Banhammer to maintain order.
 

Poloniex Team

From now on, traders can again communicate on a wide range of topics without leaving the stock exchange, and moderators will use the legendary ban-hammers in case of violation of the rules.