Post
Topic
Board Bitcoin Discussion
Re: Need some expert opinion here guys :)
by
liquidiser
on 31/01/2016, 18:00:28 UTC
Check if operating your business would classify you as a money transmitter as in American law. If your business would be classified as a money transmitter then it would need a license to operate in each American state it has customers in. if it did business with New York residents it would also need a Bit License. I think getting money transmitter licenses for all American states can cost over a million dollars per year.