3 ms·

Why should the transmission of money require a license?

• otterley 5y ago
  Because money laundering.
  • brotherofsteel 5y ago
    What about it?
    • otterley 5y ago
      See, e.g., https://fas.org/sgp/crs/misc/R46486.pdf https://fas.org/sgp/crs/misc/R46486.pdf and https://www.goodwinlaw.com/~/media/Files/Publications/Attorney%20Articles/2003/Risky_Business_State_Regulation_of_Money_Transmitters.ashx https://www.goodwinlaw.com/~/media/Files/Publications/Attorn... Money transfer fraud also goes all the way back to "steamship agents" in the early 20th century. See, e.g., https://digital.library.temple.edu/digital/collection/p16002coll31/id/1985/rec/1 https://digital.library.temple.edu/digital/collection/p16002...