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MONEY TRANSMITTER LICENSE FOR CRYPTO BUSINESSES

The process of obtaining an MTL begins with FinCen registration, then registration with NMLS, which is a national database where over 30 states participate to approve a MTL in their respective states. So, the NMLS system is national, but each MTL is reviewed and approved by each individual state’s regulators.

CROWDFUNDING SCAMS AND PITFALLS

Crowfunding is as old as any other type of capital fundraising but the regulations were codified officially in the 2012 JOBS ACT. Some 40 billion dollars have flowed into the various types of projects since [...]

ARE YOU A TOTAL DUMB ASS?

Do you have a business and the only time you reach out to legal counsel is when you have an actual legal problem? If so, you are probably a total dumb ass and you don’t actually understand how attorneys should be used.

NEW BANK SECRECY ACT CRYPTO GUIDANCE FROM US REGULATORS

The Securities & Exchange Commission (SEC), Financial Crimes Enforcement Network (FinCEN) and Commodity Futures Trading Commission (CFTC) have issued a joint statement that reminds certain parties of their continuing obligations under the Bank Secrecy Act [...]

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