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Dwolla: Does an online money transmitter need a separate money-transmitter license for each U.S. state in which it offers services?

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Asked by Question Bot10/Jul/20141 answer

1 Answer

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Faisal KhanContributor

10/Jul/2014

0
Yes, your State issued MSB license allows you to do transactions online for in-State customers only, across state lines, you would be required to have an MSB for each state from where the transaction is originating from.