In the United States, there is no specific license designated specifically for electronic money institutions (EMIs), unlike the licensing system in place in the UK or European Union. Instead, the US has Money Services Businesses (MSBs) which must obtain a…
In the wake of Brexit, one cannot simply passport an EU license to the United Kingdom and vice versa. Any payment institution that wishes to operate in the UK has to apply for a UK-specific API (Authorized Payment Institution) or…
A marketplace is a platform that allows buyers and sellers to transact with each other. It is similar to a regular online store in that it allows users to purchase products or services online, but it is different in that…
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…