Home Cryptocurrency Let’s stop regulating crypto exchanges like Western Union

Let’s stop regulating crypto exchanges like Western Union

by SuperiorInvest

The unfortunate failure of one of those money transmitters, West Realm Shires Services Inc., may be the last straw for this shaky arrangement. West Realm Shires Services is the official name for FTX US, a large spot exchange serving approximately 1 million Americans. On its FTX US website states 40 money transfer licenses were granted. For states where it has no licenses, such as California, FTX US likely uses a rental license agreement whereby it contracts with a third party to ride shotgun under its licenses.

Source Link

Related Posts

%d bloggers like this: