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Does this contract have a money transmission license? Selling an IRON or a TRON for USDC is money transmission. BSA requires money transmitters to be licensed i
by runbathtime 5y ago
Does this contract have a money transmission license? Selling an IRON or a TRON for USDC is money transmission. BSA requires money transmitters to be licensed in states where they operate, as well as register with FICEN, etc. How can we enforce them to comply at the state level? Can an individual sue the states to enforce compliance on the people behind this smart contract? Those that have lost money might have an incentive to start wanting money transmission rules actually enforced.
- bruce343434 5y agoWere the devs even American? From reading the article and their bad grammar, it seems not. If so these US regulations don't really apply/have any consequences.