cryptocurrency

Got a Cryptocurrency Project? Think you’re exempt from licensing? Think again!

Far too many people are wrongly guided as to the exemption of money transmitter licenses for their cryptocurrency project. The fact is, in most cases, a money transmitter license is required for cryptocurrency projects in the United States. Just because a state says you’re exempt, does really mean all that. Examine the intent, your transaction …

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How Can A Traditional Money Transfer Business Get Started With Cryptocurrency For Remittances?

Are you a traditional money transfer business that is looking at crypto and cannot quite understand it? Do you feel threatened by it? Do you have the fear of the unknown? How do you go about it? Well, the answer is simple. Small experiments. Keywords being: “small” and “experiment”. It is NOT at all difficult …

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USA to Nigeria: Money Transfer using Bitcoins! (or any other country in Africa)

In the money transfer world, the USA to Africa is perhaps the hottest corridor. With the introduction of cryptocurrency, many entrepreneurs who want to enter into the money transfer business, are now plotting on how easy it is to use cryptocurrencies like bitcoin, Ethereum, ripple, etc. to make money transfer between the United States and …

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Cryptocurrency License - Faisal Khan and Company

Cryptocurrency License

Cryptocurrency License – The Basics Getting a cryptocurrency license or registration as a money transfer service is mandatory in many countries around the world. While there are some countries that have banned the use or trading of crypto, others have taken a more accommodating stance by creating new rules to regulate these virtual currencies. For …

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Money Transmitter License Cryptocurrency - Faisal Khan and Company

Money Transmitter License Cryptocurrency

Money Transmitter License for Cryptocurrency The United States has varying rules and regulations for cryptocurrencies. While each state has its own regulatory authority and rules, most have classified cryptocurrency transmission services as money transmitters. FinCEN published interpretive guidance for cryptocurrency service providers. The guidance clarified certain aspects of how crypto businesses are regulated under the …

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