The New York State Department of Financial Services (DFS) – (23 NYCRR Part 200 Virtual Currencies) is issuing body for the New York Virtual Currency License. The procedure is conducted via the Nationwide Multistate Licensing System and Registry (NMLS). To access NMLS for the first time, you must complete a Company account request form and […]

In New York, there is no business related to money transmitting operation without a license. Such a license is issued by the New York Department of Financial Services. It is very hard to get a Money Transmitter license in New York. The process requires a lot of paperwork as well as professional and business qualifications […]

The Money Transmitter License in Florida is issued by the Division of Finance of the Office of Financial Regulation. With a license, any entity will get the right to transmit currency, monetary value, and payment instruments. Allowed methods to use are wire, facsimile, electronic transfer, courier, and internet. The purpose of the license is to […]