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Money Transmitters

Profiting from a crypto mixer is likely illegal, experts say. (Wikimedia Commons)
Consensus Magazine
Opinion
Samourai Wallet Charges Raise Existential Questions for Privacy Tech
Co-founders Keonne Rodriguez and William Lonergan Hill are charged with money laundering related to the privacy-protecting wallet.
Profiting from a crypto mixer is likely illegal, experts say. (Wikimedia Commons)
By Daniel Kuhn
Apr 25, 2024 at 3:26 p.m. UTC
Apr 25, 2024
OpinionThe NodeNewslettersPrivacyMixersBitcoin FogTornado CashSamourai WalletMoney Transmitters
Prime Trust Consensus Booth (Prime Trust)
Policy
Prime trust
Crypto Custodian Prime Trust to Cease Operations in Texas at End of January
The firm withdrew its Texas Money Transmitter License application but says it intends to reapply "swiftly."
Prime Trust Consensus Booth (Prime Trust)
By Frederick Munawa
Jan 27, 2023 at 5:48 p.m. UTC
Jan 27, 2023
Prime TrustCustody ServicesMoney TransmittersTexasBitcoin
(Sean Gallup/Getty Images)
Opinion
Opinion
Let's Stop Regulating Crypto Exchanges Like Western Union
It's time for U.S. crypto exchanges to face the same rules as non-crypto marketplaces and brokers, says our columnist.
(Sean Gallup/Getty Images)
By JP Koning
Nov 22, 2022 at 9:31 p.m. UTC
Nov 22, 2022
OpinionRegulationMoney TransmittersFTX
Markets Daily Podcast Cover
Podcasts
Podcasts
Crypto Update | Federal Preemption of State Money-Transmitter Licensing Would Be Great Policy
With bitcoin bouncing back Friday after Thursday's hotter-than-expected U.S. inflation data, plus a look at how a competent federal regulator could actually help crypto compan...
Markets Daily Podcast Cover
By Adam B. LevineAdrian Blust
Oct 14, 2022 at 4:04 p.m. UTC
Oct 14, 2022
PodcastsMarkets DailyMoney Transmitters
Shutterstock
Markets
Ethereum
DOJ Charges Crypto Seller With Operating Unlicensed Money Transmitting Business
Michael Yusko III allegedly used bank accounts held in the name of several companies to sell cryptocurrencies for profit.
Shutterstock
By James Rubin
Jun 24, 2021 at 11:14 p.m. UTC
Jun 24, 2021
EthereumBitcoinMoney TransmittersDepartment of Justice
IRS
Policy
Crime
New Jersey Man Admits to Running Unlicensed Bitcoin Exchange
The erstwhile operator of “Destination Bitcoin” could face up to five years in federal prison and a $250,000 fine.
IRS
By Danny Nelson
Apr 5, 2021 at 7:12 p.m. UTC
Apr 5, 2021
CrimeIRSMoney Transmitters
hawaii
Markets
Money transmitters
Hawaii to Let More Crypto Companies Join Regulatory Sandbox
Hawaii's Digital Currency Innovation Lab is accepting a second round of applications through Feb. 26.
hawaii
By Danny Nelson
Jan 25, 2021 at 9:58 p.m. UTC
Jan 25, 2021
Money TransmittersHawaiiSandboxes
Rhode Island State House
Markets
News
Rhode Island Will Regulate Crypto Under Money Transmitter Laws
The latest in a patchwork of state regulations, Rhode Island pens formal legislation regarding cryptocurrencies and money transmission.
Rhode Island State House
By Daniel Kuhn
Aug 8, 2019 at 8:00 p.m. UTC
Aug 8, 2019
NewsMoney TransmittersCryptocurrency RegulationsRhode Island
Image: Shutterstock
Markets
Fincen
FinCEN Says Some Dapps Are Subject to US Money Transmitter Rules
Decentralized applications (dapps) may sometimes qualify as money transmitters under U.S. law, FinCEN said.
Image: Shutterstock
By Nikhilesh De
May 9, 2019 at 5:30 p.m. UTC
May 9, 2019
FinCENRegulationNewsMoney TransmittersLegal
Utah State Capitol
Markets
Utah
Utah Bill Would Exempt Blockchain Firms from Money Transmitter Act
A senator from the U.S. state of Utah has introduced a bill to exempt blockchain firms from being classed as money transmitters.
Utah State Capitol
By Yogita Khatri
Mar 4, 2019 at 9:05 a.m. UTC
Mar 4, 2019
UtahUSRegulationNewsMoney Transmittersus-canada