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23 October 2020

CSBS Will Lower Costs for Only a Few Crypto Firms - CoinDesk

CSBS Will Lower Costs for Only a Few Crypto Firms - CoinDesk


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CSBS Will Lower Costs for Only a Few Crypto Firms.

Essentially, the exam is how these regulators will make sure regulated entities are still in compliance.

Rather than work with more than 50 different state and territory regulators, the exchanges only need to check in with the one group.

However, new exchanges will still have to apply for, and secure, a license for each state in which they hope to operate.

Each exam will be conducted by a group of state regulators, and the makeup of the group will change on an exam-by-exam basis.

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