money transmitter license

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 Much Does A Money Transmitter License Cost? Some $ figures for you!

The question everyone wants to know. How much do money transmitter licenses cost in the US? We asked this question to over a dozen or so consultants, law firms and compliance specialists and we amalgamated their answer (i.e. the numbers) into a single post: Money Transmitter License Cost: Owning vs Sponsor? Transcript Hello. My name …

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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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Are You A Small Independent Money Transfer Operator That Is Struggling?

The world has over 5,000+ small independent money transfer operators. Each year, more and more of them, question themselves as to where they are heading in light of diminishing margins, more stringent requirements to operate a money transfer business, rising compliance costs and stiff competition from the neo players with seemingly unlimited deep pockets. In …

Are You A Small Independent Money Transfer Operator That Is Struggling? Read More »

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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