Crypto Exchanges Don’t Need Licenses in Colorado For Fiat, Positive Development

The State of Colorado recently released a special guidance that will eliminate the need for money transmitting licenses in crypto exchanges in cases when no fiat currencies are being involved.
No Fiat Used — No License Needed
Only days ago, on September 20th, a new interpretive guidance regarding the Colorado Money Transmitters Act’s applicability was released by the Colorado Division of Banking. The guidance addresses the way that the Money Transmitters Act will affect crypto compan