Certainly! Crypto Exchanges in the US are generally regulated specifically as Money Service Businesses under the US Bank Secrecy Act (BSA) and FINCEN supervision.
The Montana MSB is registered with FINCEN as Supervisory Authority for AML/CFT purposes. As a Regulated Provider, the MSB needs extensive AML/CFT compliance policies with regards to KYC, Suspicious Transaction Reporting, Risk Assessments etc. Our MSB Companies come complete with the required AML/CFT policiy documentation.
Only for Registered Agent and Registered Office address. FINCEN is not charging annual license or registration fees.
No, a Montana MSB can be formed with owners of any nationality and resident anywhere in the world.
No, Montana puts no restrictions on where you can offer services nor are you required to offer any services in/within Montana. However, if you would target other specific jurisdictions, e.g. other US states, you would likely trigger state license requirements there. See our MSB Resources section for more information.
Processing time for the formation of a new Montana MSB with the name of your choice is 3-4 weeks. We also have existing off-the-shelf entities for sale from time to time. Deployment time for the EBANQ White Label Banking Software is 24-48 hours.
Yes, please visit our Resources section for links to the site where you can verify the FINCEN MSB registration status.