[doragcoder]

How does this even work? Meaning if I live in WY, but I bank at "Small Union Bank of Delaware" Does that mean I'm using anything with in the realm of the Wyoming Division of Banking? Would just using an ATM put me under their jurisdiction? Because if I by something from Amazon, the transaction is basically from my bank in DE to WA if there are no Physical Amazon locations in WY. Correct?

[jahewson]

> if I by something from Amazon, the transaction is basically from my bank in DE to WA if there are no Physical Amazon locations in WY. Correct?

Incorrect. What matters is the state (or states) in which the company is "doing business". The exact definition varies from state to state, but in general having customers in WY means that you're doing business there and will (usually) need to register with the state, follow its rules and pay its taxes for your sales in that state.

Your bank is also doing business in DE and will need to follow their laws too, as the other end of the transaction is there.

[wrayjustin]

IANAL and I didn't do any research into this.

But based on the content of the CB Press Release, and the fun we had with NY, I'd say it works as such:

You're a WY resident, and therefore the DE bank must follow the WY policies for your money. Of course this is a BTC/Digital Currency-based regulation, so...