Post
Topic
Board Legal
Re: What are the two unregulated "Money Transmitter" states? (USA)
by
bradford
on 22/07/2013, 18:07:57 UTC
"Forty-eight US states regulate money transmitters although the laws vary from one state to the other.[3] Most of the states[4] require a surety bond with widely ranging amounts from as little as $25,000 to over $1 million and maintaining a minimum capital requirement."

http://en.wikipedia.org/wiki/Money_transmitter


What are the two free states?


Thanks

According to this PDF document prepared by Thomas Brown at UC Berkeley the two free states are South Carolina and Montana.