The only restriction you have here is to deal in countries where crypto might not be allowed, for example, China. If you are sending crypto to a market that is deemed to have banned crypto or many transactions in dealing with crypto illegal, or where your flow of funds violates the norms of money transmission, needless to say, you would NOT be provided coverage. Otherwise, this is pretty legit and okay.
-  Starting a Crypto Related Money Transfer Business? Understand Regulations!
-  Five Things You Can Do To Get Started With Crypto for Your Money Transfer Business – No Fluff!
-  Got a Cryptocurrency Project? Think you’re exempt from licensing? Think again!
-  How Can A Traditional Money Transfer Business Get Started With Cryptocurrency For Remittances?
-  EMI Post Brexit – Where to apply?
-  Want to get your own EMI or become an EMI Agent? Consider this…
-  EMI Agents & Restriction on Correspondent Agreements
-  Working with an EMI license and becoming an EMD Agent
This page was last updated on February 9, 2023.