Money service business licence needed

[mikeoneal]

Hello

I search all over the internet to get a whitelabel msb licence, but I cant find anything. Where can I lease or rent a msb licence ? 

[1715488331]

1715488331

[1715488331]

1715488331

[1715488331]

1715488331

[jackg]

Reading the document on that site (factsheet at the top) it's here you need to register: https://www.fincen.gov/314a/Login

[IUStar]

Hello

I search all over the internet to get a whitelabel msb licence, but I cant find anything. Where can I lease or rent a msb licence ? 

Hey, I can help you get the MSB licence,what country do you need ?

[mardo89]

Hello

I search all over the internet to get a whitelabel msb licence, but I cant find anything. Where can I lease or rent a msb licence ? 

Hi, it all depends on what services you wanna provide. Im the founder of www.consulting24.co, we help with crypto licenses in Estonia. Those licenses enable crypto to crypto, crypto to fiat transactions. Covers functionality to hold users' user funds. With that license you can provide most of the functionalities needed.

[Harlot]

@OP I wouldn't entertain people here trying to help you and yes that includes members who are already pming you giving their assistance. Obtaining a MSB license will be different by country and departments will vary from each country for instance some MSB countries are handled by SEC some are from their Central bank so I guess searching for your country and where their MSB license is obtained will be the way for you to find out. Aside from having problems obtaining a license you must make sure that you are already a legalized for business because obtaining a license is one of the last things you need to do for you to operate, it is really not the first ones you need to handle in creating a business.

[LeGaulois]

You are not really in the right place to ask this, here people will repeat the first thing they found on Google, and you can surely do it yourself.
It's more complex than registering on a website and fill in the information asked. You'd be better off going to a lawyer or joining a forum related to business/finance or whatever than listen to people here (including me).

Hello

I search all over the internet to get a whitelabel msb licence, but I cant find anything. Where can I lease or rent a msb licence ?  

Hi, it all depends on what services you wanna provide. Im the founder of www.consulting24.co, we help with crypto licenses in Estonia. Those licenses enable crypto to crypto, crypto to fiat transactions. Covers functionality to hold users' user funds. With that license you can provide most of the functionalities needed.

They usually don't need the license if it's a pure crypto to crypto exchange, as the 2 licenses concern the cryptos against fiat currency and providers of a wallet service (unless they created a 3rd?)

[jackg]

You'd be better off going to a lawyer or joining a forum related to business/finance or whatever than listen to people here (including me).

I don't agree with going to a lawyer/attorney, afaik they'll charge a lot for not very much and it might not even be their specialism... If you do, at least try to factcheck what they're doing to ensure your operations are being done above board...

The best thing you can do, if you're going to go that way, is read up anything relevant you can find on that license from the licensing board before going to the solicitor for help or advice...

If you're starting a semiserious business operation, you might need to start a partnership with a legal team or higher a solicitor to deal with all the licensing yourself as part of your company too for if there's a dramatic regulation change..

Tbh, most of the information you need shouldn't be too hard to find or request from the registration/regulation body (at least in countries with a regulator that is open).

[LeGaulois]

RE:

Sometimes it's better to pay the price to get the things done right without wasting time, money, and resources.
(It's like if you want to finish your house yourself you may regret it quickly and prefer to pay someone well before.)

A lawyer specialized doesn't cost a lot compared to the service (i.e. not all charge you $2k just to show up in a justice court). I took a lawyer as an example but it could be like these start-ups specialized in creating businesses, they take care of everything (administrative papers, registration, etc). For about $200 I find it a cheap price.

The best thing you can do, if you're going to go that way, is read up anything relevant you can find on that license from the licensing board before going to the solicitor for help or advice..

I think it is the minimum to do, at least we don't like an idiot when we go to visit a specialist. 

[CryptoBry]

RE:

Sometimes it's better to pay the price to get the things done right without wasting time, money, and resources.
(It's like if you want to finish your house yourself you may regret it quickly and prefer to pay someone well before.)

A lawyer specialized doesn't cost a lot compared to the service (i.e. not all charge you $2k just to show up in a justice court). I took a lawyer as an example but it could be like these start-ups specialized in creating businesses, they take care of everything (administrative papers, registration, etc). For about $200 I find it a cheap price.

The best thing you can do, if you're going to go that way, is read up anything relevant you can find on that license from the licensing board before going to the solicitor for help or advice..

I think it is the minimum to do, at least we don't like an idiot when we go to visit a specialist. 

Talking to someone who is an expert and professional on this matter is the best thing to do. I agree that a lawyer who has a specialization on setting up a cryptocurrency related financial organization can help a lot. So the challenge here is to find someone who is and is not charging astronomical fees for the services to be rendered. OP should also note that regulations and procedure differ from one country to another so that best thing to do is to talk to authorities first and find out where to get the license needed for the business and other needed details. Getting services from unknown and probably unscrupulous people can cost a lot of money in the end and can end up very frustrating so one has to be aware of this risk.

[mikeoneal]

A lawyer asked me $7000 for his service and I have to pay $25000 for an MSB licence in delaware that's very expensive.

[TCLLLP]

www.thecryptolawyers.com - The Crypto Lawyers.

We would be happy to help you get registered with FinCEN as a Money Services Business and get you in compliance with the Bank Secrecy Act. We can also help with state no-action letters concerning money transmitter licenses and other related matters. We are small boutique law firm with plenty of experience in these areas, and we are very affordable. You can reach us through out website contact form, via info@thecryptolawyers.com or by phone +1 (619) 317-0722.

[jerry0]

Can someone explain the purpose of this?  Its if you are selling/btc from many ppl and not using exchanges?