Money transmitter
MTLmoney transmitter license
A US-state-level licence required for businesses moving customer funds — most stablecoin issuers and exchanges hold MTLs in 40+ states.
MTL requirements vary by state in surety bond, capital, and compliance scope. Some states (Wyoming, Texas) have crypto-specific carve-outs; others (NY) supplant MTL with BitLicense / Trust Charter.
Related terms
- MSB (Money Services Business)A US FinCEN registration category required for stablecoin issuers, exchanges, and remittance operators.
- BitLicenseA virtual-currency business licence issued by the New York Department of Financial Services since 2015.
- FinCENA bureau of the US Treasury enforcing AML / BSA obligations on financial institutions including most stablecoin issuers.