Deep Dive 22 – Fintech and Federal Alternatives to State Money Transmission Licensing
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Description
Today's money transmitters are Internet businesses. The money is digital, it might even be cryptocurrency. The business can have customers in every state and nation from day one. The services...
show moreAnd yet, money transmitters must still go regulator to regulator, explain their business, and become licensed in 53 states and territories under statutes that were originally drafted to keep check-cashers honest. Some argue that a federal alternative to that regulatory structure needs to be developed if the US is to stay competitive in financial technologies.
Peter Van Valkenburgh will discuss these issues and Coin Center's new discussion paper that explores how this federal structure could be developed.
Featuring:
- Peter Van Valkenburgh, Research Director, Coin Center
Visit our website – RegProject.org – to learn more, view all of our content, and connect with us on social media.
Information
Author | The Federalist Society |
Organization | The Federalist Society |
Website | - |
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