Quote from: Viceroy on June 13, 2014, 02:54:37 PM

Quote from: ShakyhandsBTCer on June 13, 2014, 01:45:28 AM

Quote from: El Cabron on July 21, 2013, 02:08:37 AM

"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

I would not consider them "free" states as they still have federal regulations, just not additional, state level regulations.

Fed rules don't apply until the commerce crosses state lines. If all activity is done within the state the Fed can't say anything.

That is not true. The Federal government can regulate anything that affect interstate commerce.

Not only that but in order for a money transmitter to "transmit" the money they must connect to some network (usually the internet) and it is not unusual for an internet connection to span multiple states even if you are communicating with someone in the next town (same state)