Montana does not have a Money Transmitter License; it is simply an MSB Status. You can use it within the state of Montana, or for transactions either originating or terminating from the state of Montana and the rest of the world, or simply the rest of the world. In reality, most banks & MTOs do not recognize it as a valid license, as there is no license. It is an exemption status.
Does MSB in Montana has the same value as MSB in Canada?
Does accepting cryptocurrency as payment classify a US company as an MSB under FinCEN?1 ansIs Ripple classified as a money transmitter under FinCEN regulations?1 ansFinCEN: Where in the MSB definition is the exemption for infrequent activity located?1 ansWhere exactly in FinCEN’s MSB definition is the “infrequent use” exception defined?1 ans