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License for cryptocurrency in USA
Ask procedure to get a License for Cryptocurrency in USA and other Countries from Advocate Deepak Malhotra;
| S.NO. | CRYPTOCURRENCY NFTs TOKENS ICO LICENSES REQUIRED IN ALL 50 STATES OF THE USA |
| 1. | Registration Procedure of cryptocurrency business establishment (MSB) under Bank Secrecy Act |
| 2 | Money Service Business Registration and Registration Procedure with FinCEN (The Financial Crime Enforcement Network) |
| 3. | Nationwide Multistate Licensing System- NMLS – Multi-State MSB Licensing Authority – Registration and Compliance – cryptocurrency, tokens, virtual currency, NFTs |
| 4. | US Securities and Exchange Commission (SEC) – Registration and Compliance of CRYPTOCURRENCY |
| 5. | AML Programs & Regulation – ANTI-MONEY LAUNDERING COMPLIANCE |
| 6. | Uniform Regulation of Virtual-Currency Business Act (URVCBA) – enacted by Uniform Law Commission (ULC) – Will be implemented soon. |
| 7. | Investment Adviser License |
| 8. | NY BitLicense Plus L9 |
| 9. | NY Money Transmitter License (Applicable in New York Only) |
| 10. | Alabama Virtual/ Fiat Currency License |
| 11. | Alaska Money Transmitter License & State Limited Licensing Agreement compliance. |
| 12. | Arizona Money Transmitter License |
| 13. | Arkansas Uniform Money Services Act Compliance |
| 14. | California – “Uniform Regulation of Virtual Currency Business Act” Compliance & Escrow License |
| 15. | Colorado Digital Token Act Compliance |
| 16. | Connecticut Money Transmitter License |
| 17. | Delaware Money Transmitter License |
| 18. | District of Columbia Money Transmitter License |
| 19. | Florida Sandbox License |
| 20. | Georgia Licensing U/s O.C.G.A. §7-1-681 |
| 21. | Hawaii Permission from Digital Currency Innovation Lab – Not Recommended |
| 22. | Idaho Money Transmitter Act Simple Compliance and ILLINOIS MTL License |
| 23. | Indiana Simple Information Compliance |
| 24. | Lowa Universal Uniform Money Services Act Compliance |
| 25. | Kansas Money Transmitter Act Compliance |
| 26. | Kentucky Money Service License |
| 27. | Louisiana Virtual Currency Business Act Compliance |
| 28. | Maine Simple Compliance |
| 29. | Maryland Money Transmitter License from the office of the Commissioner of Financial Regulation |
| 30. | Massachusetts Money Transmitter License |
| 31. | Michigan e-Wallet Money Transmission License |
| 32. | Minnesota License form MCD |
| 33. | Mississippi Simple Compliance information |
| 34. | Missouri -Simple compliance of Sale of Checks Law |
| 35. | Montana – Simple Exemption |
| 36. | Nebraska Financial Innovation Act. Simple Compliance |
| 37. | Nevada Financial Institutions Division Intimation (NFID) & MTL License |
| 38. | Hampshire’s license under RSA § 399-G:2; |
| 39. | New Jersey State’s Security Board Registration |
| 40. | New Mexico State Money Transmitter Act Compliance with FID |
| 41. | New York BitLicense and MTL |
| 42 | North Carolina MTL License |
| 43. | North Dakota Simple Compliance |
| 44. | Ohio MTL Compliance |
| 45. | Oklahoma MTL Simple Compliance |
| 46. | Oregon NML Compliance |
| 47. | PENNSYLVANIA Exemption |
| 48. | South Carolina Blockchain Industry Empowerment Act of 2021 & MTL |
| 49. | Rhode Currency Transmission License |
| 50. | South Dakota NMLS Updation and MSB Virtual Currency Section Quarterly Updation |
| 51. | Tennessee MTL Simple Compliance |
| 52. | Texas AML / MTL Simple Compliance |
| 53. | UTAH Exemption Simple Compliance |
| 54. | Vermont Simple Compliance |
| 55. | Virginia Letter of Interpretive Opinion |
| 56. | Washington Strict Blockchain and Money transmission Licenses with many restriction |
| 57. | West Virginia AML & Sandbox Simple Compliance |
| 58. | Wisconsin State Agreement affirming that Company will not use Virtual Currency to Transmit Money |
| 59. | Wyoming – Notice of Intent to State to Comply Financial Technology Sandbox Act. |
| 60. | WHITE PAPER LEGALITY CHECKING |
Part -2 Agreements required for Cryptocurrency, TOKENS, NFTs, COIN OFFERING Startup’s;
| 1. | Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT PROGRAM) |
| 2. | Operating Agreement, Terms of Service & User Agreement (Including CCPA & GDPR compliance) |
| 3. | End User License Agreement |
| 4. | ACH Authorization |
| 5. | Trade Mark/ Patent Notices |
| 6. | Membership Agreement |
| 7. | All Income Tax / GST/ VAT/ Sales Tax requirement |
Frequently Asked Q&A – Crypto News & How to get license for Cryptocurrency in USA (All 50 States)/ Other Countries?
Whether Crypto, NFTs, Coin, Digital Wallet comes under MSB?
Yes, If you are dealing in any of the Crypto Currency mentioned above, it comes under MSB and registration as a Money Service business is mandatory.
How I can get Crypto News today in USA
You may get the latest information from the official website of FinCEN and SEC USA. Regarding any other country news, regulations, and Legal Opinion you may mail at deepakmalhotra1966@gmail.com or may fix a VC session with Advocate Deepak Malhotra.