As a crypto trading business, we're legally required to obtain a Money Transmitter License (MTL) in most U.S. states. We've already been approved in Arizona, California, Illinois, Kentucky, Massachusetts, Missouri, Montana, Pennsylvania, and Wisconsin and we are actively pursuing licenses in the remaining 41 U.S. states. As a part of this process, we’ve also registered with FinCEN as a Money Services Business.
The application process for Money Transmitter Licenses can be lengthy and intensive but is necessary to help protect customers from bad actors and legitimize crypto businesses. We believe that crypto needs and deserves regulation and we will continue to work with officials to advance our mission of spreading crypto and what it stands for to more people.
If you’re not in an approved state or country, don't worry! Voyager will continue to expand in the U.S. and internationally throughout 2019. Make sure you’re signed up for our newsletter to find out where we go live next.