Bitcoin Forum

Bitcoin => Legal => Topic started by: Maidak on November 12, 2014, 09:50:12 AM



Title: Why does bitstamp have 2 MSB licenses?
Post by: Maidak on November 12, 2014, 09:50:12 AM
I was browsing around after reading up on the fincen guidance and looking at the companies registered as a money services business. I noticed bistamp had 2 MSB licenses but I don't quite understand the reason why a company would need to have multiple MSB registrations.


Title: Re: Why does bitstamp have 2 MSB licenses?
Post by: SpanishSoldier on November 12, 2014, 02:22:22 PM
I was browsing around after reading up on the fincen guidance and looking at the companies registered as a money services business. I noticed bistamp had 2 MSB licenses but I don't quite understand the reason why a company would need to have multiple MSB registrations.

I think, if one is snatched, they can run on the other. Just as backup :)


Title: Re: Why does bitstamp have 2 MSB licenses?
Post by: Maidak on November 19, 2014, 04:08:01 AM
I was browsing around after reading up on the fincen guidance and looking at the companies registered as a money services business. I noticed bistamp had 2 MSB licenses but I don't quite understand the reason why a company would need to have multiple MSB registrations.

I think, if one is snatched, they can run on the other. Just as backup :)

I guess.. I was hoping to find out a bit more on but I've come across nothing interesting and can only assume exactly what you've said.


Title: Re: Why does bitstamp have 2 MSB licenses?
Post by: woodson on December 07, 2014, 01:11:20 AM
For money transmitting a business is required  to have a license for each state it operates business.