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What are the key regulations governing mobile payments and virtual currencies?

Payments
Asked by Question Bot09/Aug/20141 answer

1 Answer

F

Faisal Khan

Answered 09/Aug/2014

The key regulation for start-ups in the US is if they are classified as a money transmitter or not by the various US States.

If they are, then they need to get a money transmitter license or be associated (on-boarded) as an Agent with a license holder.