Though a number US states have recently introduced measures that would allow bitcoin to become accepted as payment, Vermont came into the spotlight this week for a different reason – its decision to abruptly shut down the state’s only bitcoin ATM.
While the machines operators, New York-based PYC, have tried to paint the state as out of touch with innovation, the state’s Department of Financial Regulation is seeking to set the record straight that it’s anything but.
In a new interview, Commissioner Susan Donegan described digital currencies as “not a new issue” for the small New England state, which she contends has met with “a handful” of such businesses in recent years that have received licenses, or have pending licenses, to operate.
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