In 2017 President Vladimir Putin signed a law imposing a ban on money transfers to Ukraine through foreign payment systems as a response to the Ukraine authorities' ban on the operation of Russian...
The introduction of new payment instruments, new players and the growth of mobile commerce have affected Italian payments legislation in the last few years. European directives and regulations...
On March 24, 2017 the Arkansas state legislature passed Act 620/2017, which introduces amendments to the Uniform Money Services Act. These changes aim to “clarify the surety bond requirements for...
The Ministry of Economy, Industry and Competitiveness, through the Treasury, issued a public consultation paper on the transposition of the EU Payment Accounts Directive (PAD) into national law,...
Due to its advanced financial and telecommunications infrastructure, Colombia is set to further its potential for mobile payments through a new type of deposit aimed at financial inclusion. The...
The Senate Appropriations Committee of Oklahoma approved Senate Bill 547 on February 8, 2016 to charge individuals who do not present valid personal identification a fee for international wire...
On January 17, 2017 the Department of Financial Services (DFS) approved the application of Coinbase for a virtual currency and money transmitter license, and after a comprehensive review the DFS...
Governor Thomas Wolf signed into law Act 129 of 2016, P.L. 1002, House Bill 850 (P.N. 3932), amending the Act of September 2, 1965 (P.L.490, No.249), on November 3, 2016. The amendments include...
New Mexico is one of only three states without a money transmitter licensing law in force, the others being South Carolina and Montana. In March 2016, New Mexico passed its first money transmitter...
Montana remains the only state without money transmitter legislation, with no bill currently in the 2017 legislative session addressing money transmission. See all states
The Financial Institutions Division of the Nebraska Department of Banking & Finance regulates money transmitters using the Nationwide Multistate Licensing System. A money transmitter license...
On June 30, 2016 Governor Pat McCrory signed into law House Bill 289, which enacts the North Carolina Money Transmitters Act as requested by the Office of the Commissioner of Banks to regulate...
Money transmitters operating or planning to operate in this state have to comply with the Idaho Money Transmitters Act. Applications can be made through the National Multistate Licensing System...
The Department of Business Regulation regulates money transmitters in the state, and applications for electronic money transfers licenses must be submitted online. See all states
In June 2016, South Carolina became the 49th U.S. state to regulate money transmitters, passing its first law regulating money transmission, Act 266, which should take effect in 2017 and is based...
Money transmitters operating or planning to operate in this state have to comply with the Money Transmission Act. According to the Division of Banks, there are exemptions to the licensing...

Pages