ComplyFit is a first-of-its-kind, #RegTech platform providing money transmitter license (MTL) management across all 50 states & territories. linktr.ee/complyfit
Joined April 2019
- Tweets 236
- Following 148
- Followers 77
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197 Photos and videos
When the @SECGov's X account got hacked, causing turmoil in #Bitcoinmarkets w/ a fake post on the anticipated #ETF approval, it raised alarms about account security. Explore the incident's lessons w/Erin O'Loughlin of @acfcsonline & Joe Ciccolo @AML_Report
linkedin.com/events/71513205…
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2 Jan 2024
FL S0662: regulates #virtualcurrencykioskbusinesses, proposing amendments to statutes. The OFR oversees registration, licensing, and operations. The act outlines rules for registration, renewal, reporting changes, and penalties for non-compliance: billtrack50.com/billdetail/1…
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26 Dec 2023
Missouri SB1050: "Creates new provisions relating to #digitalmining.": billtrack50.com/billdetail/1…
New Hampshire HB1444: "This bill adds limits to the regulatory powers of political subdivisions over #digitalassetmining businesses.": billtrack50.com/billdetail/1…
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22 Dec 2023
#Florida H0977: "An act relating to #virtualcurrencykiosk businesses."
Read More: billtrack50.com/billdetail/1…
#New Jersey A5747: "Classifies all #virtualcurrencies issued and sold to institutional investors as #securities."
Read More: billtrack50.com/billdetail/1…
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7 Nov 2023
CA AB 1116 regulates #moneytransmission by the Commissioner of Financial Protection & Innovation. It introduces changes like electronic reporting, updates financial requirements, & imposes obligations. Transitional provisions are in place until 1/1/25.
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3 Nov 2023
#Connecticut HB06752 empowers the Banking Commissioner to regulate #digitalasset business, defines terms, and sets requirements for #virtualcurrency kiosk operators. Effective 10/1/23. More info: billtrack50.com/billdetail/1…
#cryptoatm #cryptobusinessowner
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30 Oct 2023
#SouthDakota regulators recommend adding the license item to accounts before renewal, ensuring companies update their records and policies by 11/1/23: ow.ly/8Ss750Q0MaN
#informationSecurity #InformationSecurityPolicy
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27 Oct 2023
SB 401, Limón, regulates digital financial asset transaction kiosks under the DFPI. #cryptoatms ow.ly/Bf5R50Q0LI2
AB 39, Grayson, introduces the Digital Financial Assets Law, regulating #digitalasset businesses: ow.ly/RGtp50Q0LI0
#californiacrypto #CryptoLegislation
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25 Oct 2023
The 2024 NMLS Annual Renewal period starts Nov. 1 and will continue through Dec. 31. Keep major holidays in mind for planning purposes.
Read More: mortgage.nationwidelicensing…
#ComplyFit #MoneyTransmitter #MoneyTransmitterLicense #MSB #MoneyServiceBusiness #NMLS #LicenseRenewal
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11 Oct 2023
#USHR5745: "To provide for the regulation of #digitalassets, and for other purposes." - Read Bill: ow.ly/OoN550PSCPi
#USBill #USHouseBill #DigitalAsset #DigitalAssetRegulation
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6 Oct 2023
“August 28, the @CaliforniaDFPI successfully launched its new cloud-based Self-Service Complaint Portal, marking a significant upgrade from the legacy online form.”
Link: ow.ly/5hAj50PPu7N
#DFPI #consumerprotection
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2 Oct 2023
#Cryptocurrencies reshape finance, posing regulatory challenges and opportunities. A robust licensing framework is essential. Explore this complex world. Read more: ow.ly/otET50PPu1g
#cryptolicense #virtualcurrencylicense
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29 Sep 2023
A quick reference doc that focuses on the adoption of #MoneyTransmissionModernizationAct across states. Comprehensive overview of legislative landscape related to #moneytransmission regulation.
ow.ly/kyk350PPtTz
#CSBS
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26 Sep 2023
#CaliforniaSB95: Revisions to #UniformCommercialCode for electronic money & assets, defines #virtualcurrency, clarifies exclusions, defines controllable accounts/payment intangibles, outlines control procedures for digital assets.
Effective 1/1/24
More: billtrack50.com/billdetail/1…
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19 Sep 2023
Since 2023, 12 states (AR, GA, HI, IN, IA, MN, NV, NH, ND, SD, TN, TX) passed laws influenced by #CSBS Model #MoneyTransmission Modernization Act.
#moneytransmitter #modellaw
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#Consumerprotection is vital in the #crypto space. @CaliforniaDFPI's new complaint platform is a step toward scam prevention. Crypto companies must prioritize consumer protection to earn trust and avoid regulatory issues.
dfpi.ca.gov/submit-a-complai…
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15 Sep 2023
US HR4766 aims to regulate payment #stablecoins, making it illegal for anyone except approved licensed issuers to create them for use within the US. Payment stablecoins are digital assets for payment with fixed-value redemption and stable value assurance: billtrack50.com/billdetail/1…
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12 Sep 2023
📢 #CryptoKioskBill Update - SB401:
Effective date: Jan 1, 2025 (not 2024)
Minimum fee upped to 15%
No mandatory crypto-to-fiat exchange
Next: Floor vote, then Governor Newsom's desk. Details here 👉 ow.ly/EP3B50PKSkN
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5 Sep 2023
US S2669 - "A bill to require the @NUSA_FINCEN to issue guidance on #digitalassets, and for other purposes." Effective Immediately. Read more: ow.ly/gbfc50PEt66
#regulatoryguidance
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1 Sep 2023
To operate a #moneytransmissionbusiness legally, you need a #moneytransmitterlicense, which varies in cost depending on location, license type, and fees.
Read more from @InvestorTimesEN: ow.ly/40vx50PEtQa
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