Share this article
Bitcoin Firm Xapo Cuts North Carolina Access
Bitcoin services provider Xapo has confirmed that it will no longer operate in the state of North Carolina.
Updated Sep 11, 2021, 11:46 a.m. Published Jul 15, 2015, 6:32 p.m.
Bitcoin services provider Xapo has confirmed that it will no longer operate in the state of North Carolina.
The company, which recently moved its headquarters to Switzerland, cited state-level regulation as the decisive factor behind its decision. Earlier today, one North Carolina customer posted a message on Reddit stating that they had received a 30-day closure notice.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Speaking to CoinDesk, Wences Casares, founder of Xapo, said:
"It is correct that we are not operating in North Carolina. We do not have a money transmitter license in that state and we think the effort to comply with their upcoming bitcoin bills is not justified by the number of customers we have there."
As previously reported, an effort to regulate digital currency activity under the state's money transmission laws advanced in the North Carolina Senate earlier this week.
Casares declined to comment on the ongoing lawsuit with LifeLock.
Mounting regulation concerns
Xapo is not the first company to cease operations in a part of the United States amidst the development of regulation perceived to be onerous and potentially damaging to digital currency focused companies.
In June, San Francisco-based Coinbase announced that it was shutting down operations in the state of Wyoming until further notice, citing actions taken by the Wyoming Division of Banking.
ShapeShift recently revealed plans to stop serving the New York market following the official launch of the BitLicense digital currency regulatory framework, which came into effect last month.
North Carolina map image via Shutterstock.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Oracle TikTok deal lifts AI mining stocks as bitcoin tags $88,000
Oracle shares jumped 6% in pre-market on Friday as TikTok's U.S. agreement helped calm AI bubble fears after a volatile macro week.
What to know:
- Oracle shares climbed about 6% to around $190 Friday's pre market trading.
- TikTok agreed to form a U.S. joint venture led by American investors, reinforcing Oracle’s role as a core AI cloud and data security provider easing AI concerns.
- The deal helped improve broader risk sentiment with bitcoin back above $88,000, also lifting AI mining stocks in the process.
Top Stories
