Poloniex, Bitfinex Will Stop Operations in Washington
Exchanges required to secure license to operate.
New legal provisions:
"For business models that store virtual currency on behalf of others, the applicant must provide a third-party security audit of all computer systems and electronic data acceptable to the director" trying to regulate money transmitters, virtual currency operators and foreign exchange exchanges in the state .
Gemini already secured an approval and a license to start operating in the state, allowing its Washington-based customers to buy and sell virtual currencies at the exchange.
