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Phrases with «money transmitter»

A "money transmitter" refers to a person or business that sends or receives money on behalf of others. They are responsible for helping people transfer money from one place to another, like sending money to family or friends, paying bills, or making purchases online. Full definition

Related phrases

Sentences with «money transmitter»

  • This legislation could particularly benefit virtual currency start - ups and small businesses as they are currently required to fulfill the requirements to obtain a full money transmitter license. (ethnews.com)
  • The proposed act claims that virtual currency business activities are similar to money transmitter services, and would require comparable regulations and licensing in order to fulfill consumer protection requirements. (ethnews.com)
  • Although other individuals have been charged successfully for crimes which involved bitcoin, this charge related to the sale of bitcoin itself as an unauthorized money transmitter. (slaw.ca)
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