3 ms·
The same page says, > No activity threshold applies to the definition of money transmitter. Thus, a person who engages as a business in the transfer of funds i
by RoboTeddy 14y ago
The same page says,
> No activity threshold applies to the definition of money transmitter. Thus, a person who engages as a business in the transfer of funds is an MSB as a money transmitter, regardless of the amount of money transmission activity.
So, the $1000/day threshold appears not to apply to money transmitters.
(I'm not a lawyer)
- ufmace 14y agoHadn't noticed that, could change things... There's a lot of wrinkles in how these laws are actually applied, though. I suppose it will take a while to sort out exactly what each type of entity needs to do.