Stay ahead of compliance trends, regulatory updates, and industry best practices curated for modern fintechs.
Crypto exchanges in the US may need state money transmitter licenses, a New York BitLicense, FinCEN MSB registration, or other authorizations depending on their activities. This guide explains what licenses apply to your exchange and how to get them.
Missouri requires a Money Transmitter License from the Division of Finance for fintechs transmitting money in the state. This guide covers requirements, bond amounts, fees, and the full NMLS application process.
Utah requires a Money Transmitter License from the Department of Financial Institutions for fintechs transmitting money in the state. This guide covers Utah's requirements, fees, bond amounts, and the full NMLS application process.
Tennessee requires a Money Transmitter License from the Department of Financial Institutions for fintechs transmitting money in the state. This guide covers Tennessee's requirements, fees, bond amounts, and the full application process.
Minnesota requires a Money Transmitter License from the Department of Commerce for fintechs transmitting money in the state. This guide covers requirements, bond amounts, fees, and the full application process.
Oregon requires a Money Transmitter License from the Division of Financial Regulation for fintechs transmitting money in the state. This guide covers Oregon's requirements, tiered bond structure, fees, and the full NMLS application process.
Michigan requires a Money Transmitter License from the Department of Insurance and Financial Services for fintechs transmitting money in the state. This guide covers requirements, fees, bond amounts, and the full NMLS application process.
Virginia requires a Money Transmitter License from the Bureau of Financial Institutions for fintechs transmitting money in the state. This guide covers Virginia's requirements, fees, bond amounts, and the full NMLS application process.
Pennsylvania requires a Money Transmitter License from the Department of Banking and Securities for fintechs transmitting money in the state. This guide covers Pennsylvania's requirements, including its significant bond and net worth requirements.