What’s the New Surety Bond Requirement?
In Washington, money transmitters are now required to obtain a cryptocurrency surety bond. The bond amount will range from $10,000 – $50,000 depending on the applicant. In addition, a virtual currency money transmitter is required to provide a third-party security audit of their electronic systems.
Why Choose JW Surety Bonds?
We are the nation’s largest volume bond producer, and provide the lowest rates in the industry. It’s also crucial that you understand that you’re responsible to pay any claims filed on your bond. When you partner with our company, you will have a dedicated claim specialist assigned to your account to ensure claim payouts are either reduced or avoided all together.
Get a Free Quote Instantly Online
If you’re ready to get a surety bond for this newly increased bond requirement, you can simply apply online.