Here is a bit of a surprise. Was searching for some money transmitter licenses for certain companies and I decided to check if Tipalti had a license or not. They don’t show anything in the NMLS, or NY or CA, but surprise! surprise! They have one for Texas!
A few days ago I broke the news of Microsoft foraying into the world of payments, with the grant of their first license from State of Idaho. Well it seems, Microsoft’s just been awarded their second license in West Virginia (see image below) Click to enlarge
Microsoft has officially entered into the domain of payments, with Microsoft Payments, Inc.,
When the announcement came out a week or so ago, that Microsoft was entering into the world of payment (see references below), it was only natural to search the various State financial regulators websites for issuance of money transmitter licenses.
Interesting thread on Reddit if Coinbase does indeed have a license as a money transmitter in the State of California or not. Today, a statement was released by the CA Financial Regulator citing that Coinbase does NOT have any license. The article can be read here on Coindesk. The licensing page for Coinbase tells a […]
What recourse do Bitcoin companies operating in the US have in light of the recent ruling by FinCEN?
On October 27, 2014, the Financial Crimes Enforcement Network (FinCEN) released new guidance for custodial bitcoin exchanges and payment processors, ruling that such companies may be considered money services businesses under US law. The past couple of days have been very hectic. Besides fielding calls from lots of people, everyone is asking the same […]
The US Financial Crimes Enforcement Network (FINCEN) released its opinion on: Request for Administrative Ruling on the Application of FinCEN’s Regulations to a Virtual Currency Payment System yesterday (27th October 2014). The ruling which is an update to an earlier ruling of October 2013, in which only Bitcoin Exchanges were subject to the Money […]