Cryptocurrency exchange Coinbase has reopened its services to residents in the US state of Wyoming.
In June 2015, Coinbase suspended its services in the state due to banking regulatory policies. At the time, the Wyoming Money Transmitter Act required Coinbase to maintain dedicated fiat currency reserves in amount equal to the aggregate face value of all funds held on behalf of customers.
“Although Coinbase securely maintains 100% of all customer funds, it is impractical, costly, and inefficient for us to establish a redundant reserve of fiat currency in equivalent value,” Coinbase said at the time. Read the whole story here on