What itBit’s Banking Law Charter Really Means

Houman B Shadab is a professor of law at New York Law School. Here, he discusses what itBit’s recent banking law charter means for other digital currency exchanges operating in the US and beyond.


Since their inception, bitcoin exchanges have operated under a fog of legal uncertainty. Just one day after the New York-based exchange itBit announced it had obtained a banking law charter giving it the ability to operate in all 50 states, a California official called that into question.

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