State Bank Regulators Request Feedback On Model Framework for Virtual Currency Activities

CSBS Bank Supervision Virtual Currency

On December 16, the Conference of State Bank Supervisors (CSBS) announced its draft regulatory framework and requested public comment on specific questions intended to aid state regulators on the regulation of virtual currencies. The regulation of virtual currency activities currently varies from state to state. The draft framework is intended to create uniform state regulation. Comments are due by February 16, 2015.