What’s a fintech “fact” people repeat that’s actually wrong?
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I will start: “an MSB licence in the US”. A FinCEN MSB registration isn’t a licence. It’s a federal registration you renew every two years, and FinCEN says it does not vet or endorse anyone. To actually move money for customers you need state money transmitter licences, almost state by state. submitted by /u/Icy_Maintenance2186 [link] [comments]
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