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