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by davidgerard
4037 days ago
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Explanation here: https://news.ycombinator.com/item?id=9661614 > If Coinbase became a bank or a broker, they'd be subject to US Federal regulation and audits, but would no longer need state licenses. They're trying to sleaze by as a "money transmitter", while acting as a depository institution, and it's not working out for them. |
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