Do you need a money transmitter license in New Jersey to operate a Bitcoin ATM business, and why?

Asked Sep 8, 2019· 1 answer ·Bitcoin, New Jersey, United States

Faisal KhanAnswered Sep 8, 2019

Yes.

Reason, because you are providing intermediary services with cash (can even be electronic) of which money receiving and transmission is at the core.

Source: Foreign Money Transmitter/Money Transmitter

Money Transmitter Licenses (MTL)State Crypto Licensing State-by-State MTL Requirements Money Services Business License Bitcoin New Jersey United States

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