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Everything You Need To Know About Cryptocurrency ExchangesMost cryptocurrency businesses are indeed considered money services businesses (more specifically, money transmitters) by FinCEN. So, generally. The exchange is not registered as a securities broker, depository institution, or money transmitter. Note that registration alone isn't a guarantee that the. Broadly speaking, FinCEN defines a money transmitter as someone that acts as an intermediary between two parties that sends or exchanges money.
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