each financial company(like Xapo) must be licensed in almost all the STATES from USA. I am not a Coinbase fan but on contrary. I think Coinbase have an agenda and their investors want to create a new BTC for themself; BUT Coinbase are licensed in almost all USA. Why? Are they stupid to spend millions of dollars on lawyers and bonds and to maintain these licenses? NO! They understand that it's not possible to grow and to have the peace of the mind otherwise.
Of course, I can say the same about Circle : https://www.circle.com/en/legal/licenses . Are they stupids too? No, Mayax, they are not "stupids" but you apparently are. Nothing you write contradicts what I wrote previously. You just restated your original, non-legalistic case with some Google searches on MLT headlines: most (all?) of those cases involved a lot more than MTL violations, they were criminal conspiracies, which is why people were prosecuted and went to jail.
If you don't have the true context, state by state, for how they interpret and enforce their law, and the different business models of the companies they regulate (e.g., Coinbase runs a true "exchange" business, Xapo does not), then you are just a amateur with too much time on his hands doing Google searches.
Some final points:
1. if you violate state MTLs, "the feds" don't kick down your door, because the "feds" refers to federal, not state, law enforcement.
2. you are a self-appointed rent-a-cop for bitcoin regulation, like a neighborhood watch wanna-be that follows people around to see if they jaywalk. Go build something, do something productive -- or at least try to get a life.
