False. It is regulated. Coinbase is simply ignoring the regulations.
Any exchange app that transmits Bitcoins involves money transmission. Money transmission is regulated in the United States. No one is following the laws. Apple doesn't want another DOJ action. It's that simple.
False, sending/recieving bitcoins/litecoins/dogecoins/monopoly money is not regulated in us. Only if you exchange those for real money in certain ammounts you need to aply for money bussiness transmition/exchange licence.
Any exchange app that transmits Bitcoins involves money transmission. Money transmission is regulated in the United States. No one is following the laws. Apple doesn't want another DOJ action. It's that simple.