MSB is money? Service? The abbreviation of Business belongs to FinCEN (financial crime enforcement bureau, a subsidiary of the us treasury? ), which belongs to the registration and licensing system. All enterprises engaged in monetary services must apply for this license. This is similar to the last item added by China Industrial and Commercial Registration: fund service business. ? Digital assets that serve Americans? "management" (e.g. asset issuer)? With what? "Exchanger"? (such as an exchange)? Belongs to the American bank secrecy law? (BSA)？ Under it? MSB, need to start a business? 180? It will be finished in a few days. FinCEN？ Register. But MSB? Compliance is a necessary and sufficient condition for digital asset trading business. Because there are no other clear regulatory requirements for currency transactions at the federal level in the United States, we are familiar with the B and P networks in the United States. MSB？ Currency trading business under the premise

The MSB license has a great impact, which will affect other blockchain investors to apply for this financial license one after another. For example, Huobi, Bitcoin Base and OKEX all registered MSB licenses in the United States. 2065438+March 2008, the US Treasury Department and the China Securities Regulatory Commission clearly emphasized that MSB is a virtual currency exchange and its manager, and it is necessary to register the MSB license in FinCEN to engage in digital asset-related business in the United States. ?

However, holding MSB license is a necessary but not sufficient condition for American digital asset trading business. At present, there is no clear regulatory requirement for currency transactions at the federal level in the United States. However, due to the unique political system in the United States, there are differences in licensing requirements and federal regulatory policies for currency transactions among States.

Advantages and functions of MSB license plate;

Investor recognition?

The company law and financial supervision in the United States are perfect. Having an American license will make your digital currency trading platform more recognized by global investors. ?

Get authoritative approval?

With the authoritative approval of the U.S. Treasury Department, it can carry out related business in the United States and around the world, that is, acting as an agent for compliance supervision of digital currency platform. ?

Become a first-line platform?

MSB license is also a standard license for digital currency trading institutions around the world. Huobi.com, Bitcoin Base, Bitfinex, Poloniex and other platforms all hold this license to operate. ?

Diversified services?

MSB license allows currency exchange and delivery services, enabling you to better meet customer needs and provide more diversified services.

"A small step for Bitcoin base and Huobi, a big step for digital currency." It can be said that this epic benefit has provided a solid foundation for BTC's strong rise this round.

It must be said that the birth of the first MSB digital currency license in the United States also made a good start for the exchange. Next, American exchanges should get more and more licenses, and transactions in digital currency will become legal and standardized. It can even be predicted that this wave will rise in other countries, making trade and investment truly borderless, and its inherent characteristics make finance itself simpler and more convenient.