- North America
- Web3 / Metaverse
Virtual-Currency Newsletter Applicability of Money-Transmission Laws to Virtual Currency
When considering business related to Web3, it is impossible to ignore the laws and regulations of crypto-assets in the United States of America, where crypto-assets are actively developed, traded, and invested. As such, this series will highlight various U.S. laws and regulations related to crypto-assets, such as the Electronic Fund Transfer Act, beginning with this article’s discussion of the applicability of money-transmission laws to virtual currency. Part I provides an overview of U.S. money-transmission laws, which have been in existence since the turn of the nineteenth century to protect consumers who deposit money with people or entities for the purpose of transmitting it to a designated person or location. These laws have expanded in scope over the past 100-odd years…To read the article, please see the PDF file
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North America / Web3 / Metaverse Newsletter
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