Topic: Why does bitstamp have 2 MSB licenses? (Read 2329 times)
For money transmitting a business is required to have a license for each state it operates business.
I was browsing around after reading up on the fincen guidance and looking at the companies registered as a money services business. I noticed bistamp had 2 MSB licenses but I don't quite understand the reason why a company would need to have multiple MSB registrations.
I think, if one is snatched, they can run on the other. Just as backup
I guess.. I was hoping to find out a bit more on but I've come across nothing interesting and can only assume exactly what you've said.
I was browsing around after reading up on the fincen guidance and looking at the companies registered as a money services business. I noticed bistamp had 2 MSB licenses but I don't quite understand the reason why a company would need to have multiple MSB registrations.
I think, if one is snatched, they can run on the other. Just as backup
I was browsing around after reading up on the fincen guidance and looking at the companies registered as a money services business. I noticed bistamp had 2 MSB licenses but I don't quite understand the reason why a company would need to have multiple MSB registrations.
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