Money Service Business Checklist

Money Service Business Checklist

In today’s regulated environment, registration as a Money Service Business with U.S. FinCEN is an absolute must (and likely legal requirement) for the following cryptocurrency industry players: Peer to peer Bitcoin and other cryptocurrency traders on sites like LocalBitcoins.com and Paxful.com; Over-The-Counter and “institution” Bitcoin and other cryptocurrency traders; Cryptocurrency custodians and other service providers; […]

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Adam Tracy Explains Wyoming Cryptocurrency Banks

Adam Tracy Discusses Wyoming Special Purpose Depository Institutions

TRANSCRIBED FROM: https://www.adamtracy.io/video/wyoming-cryptocurrency-bank/ So, crypto banking is always a hot topic because nobody can find them, right? It’s just a matter of preference for mainstream banks not to take anybody related to blockchain or crypto. And that’s mainly driven by AML KYC concerns, which, you know, are largely unfounded, but that’s just where we are. […]

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Adam Tracy Discusses Cryptocurrency & the Custody Rule

Adam S. Tracy Explains Qualified Custodians & Cryptocurrency

TRANSCRIBED FROM: https://www.adamtracy.io/video/cryptocurrency-custody-rule/ So, crypto custody, crypto custodians, it’s a weird thing, because you’ll find thousands of them out there. But all but maybe three, do what they purport to do. And the concept of custody, right, comes from the securities and futures world and in particular, the investment advisors act of 1940, right? And […]

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