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.

Filter by
Sorted by
Tagged with
1 vote
2 answers

Why is Silk Road criminal but not LocalBitcoins?

How are the 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
  • 1,091
8 votes
1 answer

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