Polygon Labs Completes Coinme Acquisition, Covers 48 States
Polygon Labs has completed its acquisition of Coinme, adding 37 state money transmitter licenses and regulated stablecoin payment coverage across 48 US states, according to The Block.
Will crypto infrastructure firms increasingly acquire licensed money services businesses to gain US regulatory coverage, rather than applying for licenses directly, and will regulators treat that consolidation differently than organic licensing? The answer could shape how quickly compliant stablecoin payment rails spread across the United States, and whether smaller crypto firms without acquisition budgets get left behind in the race for regulatory coverage.
https://www.bonuz.xyz/en/blog/polygon-labs-completes-coinme-acquisition
Polygon Labs has completed its acquisition of Coinme, adding 37 state money transmitter licenses and regulated stablecoin payment coverage across 48 US states, according to The Block.
Will crypto infrastructure firms increasingly acquire licensed money services businesses to gain US regulatory coverage, rather than applying for licenses directly, and will regulators treat that consolidation differently than organic licensing? The answer could shape how quickly compliant stablecoin payment rails spread across the United States, and whether smaller crypto firms without acquisition budgets get left behind in the race for regulatory coverage.
https://www.bonuz.xyz/en/blog/polygon-labs-completes-coinme-acquisition