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0 sats \ 0 replies \ @Coinsreporter 28 Apr \ on: The Network Access Exception To The Money Transmitter Rule bitcoin
Exception?
That's a victory for Bitcoin in general if they stick to this, but I doubt they would deliberately define it otherwise. They would cite any previous observations where 'Money transmitter licence' was made mandatory for holding or distributing virtual currency in the kind.
As far as I know, in the USA, this is thumb rule that
If your crypto business is subject to money transmitter or virtual currency business activity laws in a given state, it’s your responsibility to maintain that license.
So, they would not clearly mention it as exception.
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