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.
Despite the levels of crypto-wealth are high in the United States, the country’s fifty jurisdictions have not yet built a consensus for the regulation of cryptocurrency-related activity. As a result, each state offers a unique money transmitter license which is required to run most fiat-based cryptocurrency exchanges. With the proper structure and banking relationship, operators can limit the number of state-level licenses that must be obtained.
The United States is an ideal jurisdiction for launching a cryptocurrency exchange. Obtaining a state money transmitter license provides the holder with the ability to operate a cryptocurrency exchange, manage hosted cryptocurrency wallets, among other activities. Obtaining the proper combination of state money transmitter licenses is a relatively straightforward process that gives the operator access to the world’s largest market for a small investment.

Advantages of a United States Money Transmitter License

Average daily trading in Bitcoin alone exceeds $20 billion. The streamlined and cost-effective process in obtaining a United States cryptocurrency 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 leading economic nations such as the United States and European Union, the United States offers a cost-effective, risk free alternative for starting a licensed cryptocurrency exchange or broker-dealer.

United States Money Transmitter License at a Glance

License Money Transmitter License
Time to License 4 to 5 Months
Capital Requirement Varies
Tax Structure Zero (0%) Percent Tax on Offshore Profits
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Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type.
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type.
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type.

United States Cryptocurrency License 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 United States’ Money Transmitter Licenses
  • 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’ Cryptocurrency License today. Our knowledgeable and skilled professionals are pleased to answer any of your questions.

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