3 ms·

Yes, probably related to money transmission licensing (and various other state finance laws). See https://www.coinbase.com/legal/licenses https://www.coinbase.c

• chatmasta 11y ago
  That's an interesting competitive advantage that coinbase has. Last I read on these laws, each license can cost ~$25k to procure. Many companies choose to "shoot first, ask questions later" and rollout their programs without acquiring a license in every state. For example Facebook only recently acquired money transmitter licenses (and may not even have one in every state), even though facebook credits / pay via facebook has been a feature for a long time. The cost of acquiring these licenses is competitively prohibitive to startups, and honestly, there's no reason why it should be state by state. Money transmitter licensing should definitely move to the federal level.