MSB means money services business, a U.S. Bank Secrecy Act category administered by FinCEN. It includes activities such as money transmission, currency dealing or exchange, check cashing, and issuing or selling money orders or travelers checks. Crypto businesses may be MSBs when they accept and transmit value.
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Glossary term
What is MSB?
MSB means money services business, a U.S. Bank Secrecy Act category administered by FinCEN. It includes activities such as money transmission, currency dealing or exchange, check cashing, and issuing or selling money orders or travelers checks. Crypto businesses may be MSBs when they accept and transmit value.