Sentences with phrase «obtain a money transmitter»
The trust charter application process is far more rigorous than that for obtaining money transmitter licenses or the BitLicense.
https://www.itbit.com/
In the future, ICOs can be required to obtain a money transmitter license.
Not exact matches
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.
However, it exempts «persons conducting business using transactions conducted in whole or in part in virtual currency» from having to obtain a state money transmitter license.
The current Governor, Roy Cooper, signed HB 229 into law July 12, 2017 which defines virtual currency traders as money transmitters required to obtain a license and imposes additional insurance requirements on virtual currency transmitters.
Exchanges such as ShapeShift would not be able to service customers in the state without first obtaining a Washington State money transmitter license.
«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.