Day: October 12, 2021

Faisal Khan LLC Banking Payments Cryptocurrency Fintech Blockchain Compliance

Do Trust companies provide money transmitter license coverage?

This is widely debated. The short answer is that they can provide limited money transmitter license coverage, for their own products/services and that too in a limited number of US states that recognize the charter of the Trust company in question. For example, if you want to start an over-the-counter bitcoin trading services, OTC services …

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Faisal Khan LLC Banking Payments Cryptocurrency Fintech Blockchain Compliance

What is cryptocurrency-as-a-service?

Crypto-as-a-service or cryptocurrency-as-a-service (CaaS) has not yet fully been defined. It can literally mean any sort of Software or Platform as a service related to the crypto world. In the broader sense, Crypto-as-a-Service is the ability to launch a crypto-related product/service, with the service provider providing not only the platform rails but also the regulatory …

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Faisal Khan LLC Banking Payments Cryptocurrency Fintech Blockchain Compliance

What is the difference between an agent and non-agent of an EMI in Europe/UK?

There are a couple of differences between an agent and a non-agent in the European EMI licensing regime. A non-agent for starters is commonly referred to as an operator-led model. Where the operator of the license is handling all the facets of custody of funds, compliance, reporting, etc. The non-agent is essentially responsible for marketing …

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