Licensing

US Money Transmitter Licensing and MSB Registration

State money transmitter licences, FinCEN MSB registration, US federal and state money transmission rules

125 questions · 11 topics

FinCEN Registration Foreign MSBs in the US Money Services Business (MSB)Money Services Business License Money Transmitter Licenses (MTL)MSB Registration (US)MTL Bonding and Financial Requirements Prepaid Access State Crypto Licensing State-by-State MTL Requirements US Licensing

Is Circle Pay a licensed money remittance company?Apr 1, 2018Money Services Business License If someone day-trades crypto (like Bitcoin) within Coinbase limits, would they be considered a “virtual currency business” requiring a money transmitter license?Jan 9, 2018State Crypto Licensing Do gift card companies need a FinCEN money transmitter license for reloadable cards funded with cash?Aug 7, 2016Money Transmitter Licenses (MTL)What legal steps and requirements are needed to build a PayPal-like service in the U.S. and globally?Jul 1, 2016Money Transmitter Licenses (MTL)What impact will FinCEN regulation have on virtual-currency payment systems being treated as money transmitters?Apr 10, 2016Money Transmitter Licenses (MTL)What legal and technical requirements are needed to launch a crowdfunding platform in the U.S.?Mar 9, 2016US Licensing How can a business identify the legal process required to obtain a money transfer license?Mar 6, 2016Money Transmitter Licenses (MTL)Which consulting firms specialize in helping companies obtain U.S. money transmitter and MSB licenses?Feb 3, 2016Money Services Business (MSB)What laws or tools would be needed to legally link Bitcoin wallets to real identities like PayPal accounts?Jan 12, 2016Money Transmitter Licenses (MTL)Does a marketplace-style business need a money-transmitter license?Jan 7, 2016Money Transmitter Licenses (MTL)What is required to safely store other people’s money?Jan 6, 2016Money Services Business (MSB)What laws and regulations apply to Bitcoin businesses operating in the United States?Jan 1, 2016Money Services Business (MSB)Would Qiwi be treated as a money-transfer service under U.S. regulations?Oct 8, 2015Money Transmitter Licenses (MTL)What regulations must be followed when starting a payments business that uses ACH?Sep 11, 2015US Licensing Which regulations apply when starting a money handling or money transfer business in the US?Sep 11, 2015Money Services Business (MSB)Why are there still no major, large-scale Bitcoin exchanges based in the United States?Sep 6, 2015US Licensing If we build a ticketing platform like Eventbrite that rewards users for sharing sales, do we need an MSB license?Jul 9, 2015Money Services Business (MSB)If I beta-launch a marketplace that holds funds in escrow or for 24–48 hours, would I need a money-transmitter license?Jul 9, 2015Money Transmitter Licenses (MTL)What revenue layers exist between a U.S. institution holding an MSB license and the end customer?Jul 2, 2015Money Services Business (MSB)If I run an online service connecting the U.S. with Africa, do I need a separate money-transmitter license in each U.S. state?Jun 8, 2015Money Transmitter Licenses (MTL)Is Payoneer licensed as a money transmitter in every U.S. state?May 9, 2015Money Transmitter Licenses (MTL)How difficult is it to obtain a money transmitter license?May 5, 2015Money Transmitter Licenses (MTL)What could be the implications if Microsoft applied for MSB (Money Services Business) status?Apr 9, 2015Money Transmitter Licenses (MTL)If we charge customers’ credit cards worldwide and then wire funds to other users (minus a service fee) like Airbnb, do we need money-transfer licenses (MSB/MST) in the U.S. or Europe?Apr 7, 2015Money Services Business License Who are some of the top lawyers and law firms specializing in money-transmitter licensing for both startups and established companies?Mar 3, 2015Money Transmitter Licenses (MTL)Can peer-to-peer payment platforms transfer money across state lines without obtaining money-transfer licenses?Mar 3, 2015Money Transmitter Licenses (MTL)What is CoinX, and how does it differ from other companies in the space?Jan 12, 2015Money Transmitter Licenses (MTL)What is required to start a business similar to PayPal or Venmo?Jan 6, 2015Money Transmitter Licenses (MTL)Does Linden Lab need a money-transmitter license for the Linden Dollar economy inside Second Life?Jan 2, 2015Money Transmitter Licenses (MTL)In the U.S., what regulations apply to businesses that handle, hold, and transfer customer money?Jan 1, 2015Money Services Business (MSB)Which major tech companies hold MSB licenses, and what do they use them for?Dec 9, 2014Money Services Business License Does the size or scale of a business impact whether it is considered a money transmitter?Oct 6, 2014Money Transmitter Licenses (MTL)If I’m a licensed MSB outside the U.S., can I legally operate an online service offering transfers from the U.S. to my country?Oct 4, 2014Money Services Business (MSB)Why aren’t transit cards accepted for general-purpose payments?Oct 3, 2014Prepaid Access What are the key regulations governing mobile payments and virtual currencies?Aug 9, 2014Money Transmitter Licenses (MTL)What regulatory requirements must be met to run a business like PayPal?Jul 12, 2014Money Services Business (MSB)Dwolla: Does an online money transmitter need a separate money-transmitter license for each U.S. state in which it offers services?Jul 10, 2014Money Transmitter Licenses (MTL)Could a compliant cross-border bill payment service (for example, from the U.S. to Mexico or Indonesia) operate without remittance licenses?Jun 2, 2014Money Transmitter Licenses (MTL)How worried are Venmo’s investors about the company not being licensed as a money transmitter in every U.S. state?Apr 12, 2014Money Transmitter Licenses (MTL)Are we considered a money services business if we issue branded prepaid cards usable only within a specific shopping mall (in most states)?Feb 6, 2014Money Services Business (MSB)Are U.S. financial institutions restricted to issuing only stored-value cards?Jan 1, 2014Prepaid Access Online Payments: If a company is exempt from MSB status, could it still need money-transmitter licenses in certain states?Nov 10, 2013Money Transmitter Licenses (MTL)Do money-transmission laws apply to gift-giving businesses that distribute cash gifts?Sep 8, 2013Money Transmitter Licenses (MTL)What are the main issues with the U.S. Money Service Business model?Jun 4, 2013Money Services Business (MSB)Are clearinghouses required to register with FinCEN?May 5, 2013FinCEN Registration Do FinCEN regulations apply internationally?May 5, 2013FinCEN Registration Seeking an attorney who can assist our client (a Sri Lankan bank) with registering as a money transmitter in New York and eventually other states. Any recommendations?May 4, 2013Money Transmitter Licenses (MTL)Can a U.S. bank operating in just one state provide money transfer services to residents of other states?May 4, 2013Money Services Business (MSB)Can anyone recommend a lawyer to help a Sri Lankan bank register as a money transmitter in New York (and later other US states)?May 4, 2013Money Transmitter Licenses (MTL)Can a US bank that operates in only one state offer money transfer services to residents of other states?May 4, 2013US Licensing