Companies engaged in the above-mentioned related businesses in the United States must apply for MSB license to operate legally. It is also a necessary license for all companies that want to do business in digital currency in the United States.
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MSB in the United States is used to supervise businesses and companies related to monetary services, including cross-border remittance, foreign exchange, currency transaction/transfer (including digital currency/virtual currency), ICO issuance, provision of prepaid items and issuance of traveler's checks. Companies engaged in the above-mentioned related businesses in the United States must apply for MSB license in order to conduct business legally.
MSB is the abbreviation of Money Services Business, which belongs to FinCEN (Financial Crime Enforcement Bureau, a subsidiary of the US Treasury Department) and belongs to the registration and licensing system. All enterprises engaged in monetary services must apply for this license.
According to the operation structure of the exchange, provide relevant tax advice; Tax treatment of income or capital gains arising from final liquidation or conversion of received digital currency or tokens into legal tender; Tax treatment of remuneration or capital gains provided by the exchange.