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 …
Do Trust companies provide money transmitter license coverage? Read More »
There is still a lot of confusion about what a money transmitter license is and how you can get one for your business. In the US, the financial regulation is such that every state governs its own licensing policy. There are 50 states, one federal capital, and three US territories: Guam, US Virgin Islands, and …
For years, we have been advocates of sharing information and educating everyone for the greater benefit and good of society. This includes individuals, startups, would-be-entrepreneurs, incumbents, colleagues, professionals in the field, etc. However, this open-door policy has started to take its toll on our resources – specifically human resources – and the available time we …
Why we are closing our doors for pre-revenue Startups Read More »
I always keep saying, we don’t read enough of our history, but then again, we only have so much time. When one hears about the East India Company, we automatically equate the same to the British and their rule over when is modern day India, Pakistan and Bangladesh. Truth be told, I had perhaps heard …
I did a presentation on this long ago (The original presentation can be downloaded from here: Uberization of Money Transfer: 12 Questions every small and medium, independent money transfer operator should ask themselves). For months I’ve been thinking of doing an updated version of the presentation into an article, so here it is. It is …
10 Questions every Money Transfer Business should ask themselves? Read More »
The crypto epoch is upon us. Today, more and more financial institutions are starting to wake up to crypto, look at it, and stop dismissing it with a wave of their hand. Very recently, Bank of Lithuania, which had a negative opinion on crypto has reversed its decision. Imagine a central bank of a country, …
Recently, the Prime Minister made a statement that good news will follow with regards to increasing remittance in Pakistan from US$ 20 Billion per year to US$ 30 Billion per year, if not US$ 40 Billion per year. The original article can be read here. This figure is very much doable. The numbers will not …
Any student of economics will tell you, that sooner or later, the Bretton Woods Agreement will come into their syllabus and what a difference it made to the world. Established in 1944, the Bretton Woods Agreement remains to be one of the most historical achievements ever made through global cooperation and coordination. The agreement was …
