that would be a question to ask them. There are lots of makers who currently sell loaded coins.
I am not involved with the XRP coins at all.
edit:
perhaps this is done where this is a "collectible" which is being sold for more than the intrinsic value. And they view this as a non "money transmitting" action.
Does the maker live in the usa? That's all that really matters I Think to FINCEN.
There are quite a few makers who sell loaded collectibles right here on the forums that are in the US - I wonder how many have the money transmitter license?
Money transmitter licenses are one of the hardest to attain. You require licensing in each state you plan on operating in, so all 50 if you desire the entire country.
The cost for this process alone is minimum $2 million federal reserve notes and could take 2 years.
When PayPal was created back in 2000 they conducted business without an MTS for several years until FIN-CEN went after them. Only then did PayPal peruse an MTS. Startups in the financial services sector rarely have the legal and financial firepower to get an MTS. Startups often resort to skirting the regulation and just paying the fine when they are caught.
There is speculation that the bankers make it so hard for the average company or business that is not highly connected to get MTS so as to not challenge the monopoly the banks hold.
This gentleman Faisal Kahn is an expert on this and all I know I learned from him.
His website:
https://faisalkhan.com/His youtube channel:
https://www.youtube.com/@faisalkhandotcom/videos
