Bitcoin Exchanges Don’t Need Money Transmitter Licenses in Pennsylvania15.6

The Pennsylvania Department of Banking and Securities (DoBS) says cryptocurrency exchanges in the state do not require Money Transmission Business Licenses.

In a memo titled “Money Transmitter Act Guidance for Virtual Currency Businesses,” the Pennsylvania DoBS clarified that the Money Transmitter Act (MTA) did not apply to cryptocurrency exchanges.

Original source
https://bitcoinist.com/pennsylvania-bitcoin-money-transmitter/

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