IRTA Receives Favorable Opinion from California Commissioner of Business Oversight

IRTA Barter Exchanges, IRTA News

The global proliferation of Bitcoin and other crypto-currencies has caused many governmental agencies to review their financial code sections that relate to money transmission reporting requirements. Since the FinCEN advisory was released last year, there has been great concern and confusion in the barter industry. Some state governments are reviewing their own codes. There is concern that such reviews might …

IRTA Weighs-In with The State of California to Protect the Barter Industry

IRTA Barter Exchanges, IRTA News

The California Bureau of Consumer Financial Protection (CFPB) is proposing changes to the California Money Transmitter Act that could negatively impact the U.S. and international barter industry. Therefore, IRTA has written a letter to the Legal Division of the California Department of Business Oversight in an effort to explain the history of our industry and to request that any changes to the …