Quote from: inBitweTrust on December 22, 2014, 11:38:37 PM

Quote from: dandana on December 22, 2014, 11:31:39 PM

what is an MSB ?

Money Service Business (MSB) license is one of the regulatory licenses they should have at least applied for. In the US you can apply easily and within 2 weeks get an confirmation that the application is in process and have proof that you applied.
GAW has stated the following:

"PayBase, in alignment with and guidance from FinCEN, the IRS, the BSA and international government authorities will be licensed as a Money Service Business (MSB) and will follow all US and international regulations."

But when questioned multiple times they are ignoring providing the verifiable number, whether the filed already or when they will file. When people looked up the registry they found no evidence of GAW , paycoin, paybase or any other iteration of filing within the last 2 weeks .

IMHO this should have been done a long time ago if they want to go the highly regulated route and be completely above board like they are claiming.

http://fincen.gov/financial_institutions/msb/msb.registration.letter.html?ID=8835955

Look at the signature date. Good job guys, you reminded them to apply for MSB Registration.