> No activity threshold applies to the definition of money transmitter. Thus, a person who engages as a business in the transfer of funds is an MSB as a money transmitter, regardless of the amount of money transmission activity.
So, the $1000/day threshold appears not to apply to money transmitters.
Hadn't noticed that, could change things... There's a lot of wrinkles in how these laws are actually applied, though. I suppose it will take a while to sort out exactly what each type of entity needs to do.
> No activity threshold applies to the definition of money transmitter. Thus, a person who engages as a business in the transfer of funds is an MSB as a money transmitter, regardless of the amount of money transmission activity.
So, the $1000/day threshold appears not to apply to money transmitters.
(I'm not a lawyer)