Post
Topic
Board Legal
Re: FinCEN's definition of a Money Exchanger
by
buyer
on 14/06/2013, 15:51:14 UTC
That puts them under FinCEN, but classified as a Money Exchanger ?

It depends on the state you live in, I think.  In California somebody who sells brand name retail store giftcards must be registered as a money transmitter.  So they'd be a money transmitter and would declare that when they file the MSB.

(I am not a lawyer, do not take my advice as legal advice).