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)
«DFI representatives take the view that we may not offer our platform services to Washington state residents without obtaining a state money transmitter license in their state,» the announcement reads. (coinfox.info)
In addition, in light of the indirect influence that FinCEN positions can have on interpretations of state money transmitter licensing laws, administrators and exchangers of convertible virtual currency may want to re-evaluate their status under those laws. (alt-m.org)