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US States Have Begun Requiring Cryptocurrency Bonds

Published 08/17/2018, 02:55 PM
Updated 08/17/2018, 04:00 PM
 US States Have Begun Requiring Cryptocurrency Bonds

The popularity of digital currencies is prompting several US states to require companies engaged in cryptocurrency trading to secure surety bonds to enhance investor protection.

With a cryptocurrency surety bond, investors are given an extra layer of protection in case they become victims of fraud or scams. Under the rules set by these states, companies engaging in digital currency transmission should be backed by surety bonds, with the amount corresponding to the volume of transactions to protect the money transmitter clients.

“Cryptocurrencies have a lot of benefits that have become answered prayers for the adherents. One is the seamless and secure transaction ...


This article appeared first on Cryptovest

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