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…
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…
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…
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…
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…
Africa, the continent represents over 54 countries and territories. A very large swatch of the world’s freelancers live in Africa and whilst they may have access to markets in the Western World (think Europe, UK, Canada, United States), access to…
This is the quintessential question. tl;dr: Yes, they will go out of business because of obsolescence. Will the small and somewhat medium money transfer businesses go out of business. When Novi (from Facebook), larger players like MoneyGram and VISA entering…
Dear Money Transfer Operator, I hope you are faring well in these unsafe times and you and your family & loved ones are safe and healthy. First of all, I want to thank you for your continued patience. Just to…
In these times, actions speak louder than words. What you can execute successfully, can literally mean the difference between surviving this crisis or being a victim to it. Here is a winning formula. Money transfer businesses are not exempt from…
A lot many money transfer operators, small and large are looking towards going digital. Not just going digital, but also are wondering on how to get on the bandwagon of all things crypto. The following article or video, whatever you…