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Questions tagged [money-service]

A money services business (MSB) is a legal term used by financial regulators to describe businesses that transmit or convert money.

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Why is Silk Road criminal but not LocalBitcoins?

How are the Localbitcoins.com founders safe from money laundering laws? LocalBitcoins says its purpose is to connect buyers and sellers. That legalese makes it escape criminal laws. What about Silk ...
user4234's user avatar
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8 votes
1 answer
4k views

When does it become illegal to exchange bitcoin for cash?

I've read several "stings" and raids for running unlicensed money transfer businesses for people buying and selling bitcoin on localbitcoins. All of the articles are extremely vague and don't explain ...
user5389726598465's user avatar
1 vote
1 answer
150 views

Is reselling prepaid gift cards for crypto MSB or not?

My question is regarding a business model where a website resells prepaid gift cards for example amazon, prepaid Visa gift, Mastercard, PSN etc. All cards are non-reloadable some of them are closed ...
user3509046's user avatar