United States Money Transmitter License

Over fifty percent of the world’s cryptocurrency wealth is found in the United States. While the world’s largest economy offers a sometimes complex and uncompetitive tax structure, the size of the marketplace is difficult to ignore. For such reason, nearly all major cryptocurrency exchanges have taken steps to access the United States’ market. Money Service Business Registration is a necessary first step for any crypto-related operation inside the U.S.

Despite the levels of crypto-wealth are high in the United States, the country as a whole has not yet built a consensus for the regulation of cryptocurrency-related activity. One certainty has been found at the federal level, through the Financial Crimes Enforcement Network, or “FinCEN.” In 2019, FinCEN promulgated clear compliance guidance for the operators of cryptocurrency-related businesses.

The United States is an ideal jurisdiction for operating a virtual currency related business. Money Service Business Registration provides the holder with the ability to operate a cryptocurrency exchange, manage hosted cryptocurrency wallets, among other activities. The ease of obtaining registration and flexibility the registration affords within the United States and elsewhere makes the U.S. a perfect jurisdiction for blockchain-related operations.

Advantages of United States Money Service Business Registration

Average daily trading in Bitcoin alone exceeds $20 billion. The streamlined and cost-effective process in obtaining your money service business registration in the United States license can place you in this lucrative market in as little as three months. As worldwide adoption of cryptocurrency increases, cryptocurrency exchanges are estimated to have taken in over $1 billion in profits last year alone. With increasingly complex cryptocurrency regulation in the United States, Money Service Business Registration is a necessary first step in launching a compliant cryptocurrency-based business.

United States Money Service Business Registration at a Glance

 License Money Service Business Registration
 Time to License 1 to 2 Weeks
 Capital Requirement Zero
 Tax Structure Zero (0%) Percent Tax on Offshore Profits

United States Money Service Business Registration Package

  • Incorporation of offshore corporation or domestic Wyoming LLC
  • Arrange for local registered officer and local directors, if required
  • Draft corporate bylaws, minutes and owner share issuances
  • Establishment of corporate bank account suitable for cryptocurrency exchange operations
  • Establishment of merchant service account for accepting credit and debit cards
  • Draft requisite business plan, financial statements and financial projections
  • Draft requisite Anti-Money Laundering & Know-Your-Customer policies
  • Arrange for requisite surety bond
  • Prepare and process application for Money Service Business Registration
  • Representation before licensing regulatory authority, banks and liquidity providers

Contact the United States Cryptocurrency License Experts

Trust our over fifty year’s combined experience in creating innovative solutions for our clients. Contact the cryptocurrency licensing
experts at FinLaw to begin the process of obtaining your United States Money Service Business Registration today.
Our knowledgeable and skilled professionals are pleased to answer any of your questions.

Call (213) 262-9112 for your free consultation or contact us here.