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What is Money Transfer License?

Crypto Terms Glossary: What is Money Transfer License?

A money transfer license is a licensing certification that online global payment service providers or money service businesses (MSBs) must obtain through different regional, international, and national regulatory bodies which allow users in various jurisdictions to send and receive different types of fiat currencies. In the United States, the Money Transfer Regulators Association (MTRA) and other important regulatory bodies oversee the legal framework that MSBs must adhere to.

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