The financial landscape is evolving rapidly, with Money Services Businesses (MSBs) playing a pivotal role. However, licensing can be one of the most daunting aspects for new entrepreneurs entering the domain. Here are five crucial insights to help you navigate MSB licensing effectively. Understanding MSB Definition and Activities An MSB is any business that transmits or converts money. These can include currency dealers, check cashers, and even digital payment platforms.
26 September 2024