Money Services Business - The term "money services business" includes any person doing business, whether or not on a regular basis or as an organized business concern, in one or more of the following capacities:
(5) Money transmitter. <<<<<<<<<<<<--------------------- That is what makes bitinstant
Ya, the first part of your comment is true forsure!
Money Service Business is not the same as a Money Transmitter and you can be an MSB and not an MTB
(4) Seller or redeemer of traveler's checks, money orders or stored value. <---- This is what BitInstant is.
I knew it was something like that but I figured since you guys did bank to bank thats what it fell under I am sorry for the mistake.
No need to be sorry! Was just making sure the facts are correct.
Charlie, you seem,
once again, to have a problem with facts.
You guys are registered as money transmitters, and not as "Seller or redeemer of traveler's checks, money orders or stored value.", and only in NY.
So it's either you don't even know what you're talking about, or you're lying.