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Music am i a money service business I get that question about like three or four times a week okay and so let's let's read this all right money transmitter includes any person who engages as a business and accepting currency or funds denominated in currency and transmits the currency or funds or the value of the currency or funds by any means through financial agency institution or any other person engaged as a business in the transfer of funds so right off the bat okay your money transmitters right which are your exchanges our money service businesses right and that includes bid tracks okay there's a lot of questions well if I don't if I don't accept if I don't accept Fiat do I have to get a license bit Rex has all their licenses just because they don't accept USD doesn't mean that they don't need the license because they're engaged in the transfer funds denominated in currency right so they'd innominate things in Bitcoin and they denominated as a like a quotient of the dollar right so you know out of abundance of caution and you can make the arguments and bid Trek started out not having the license you can make the argument that you don't need the license but out of an abundance of caution like poorly dressed lawyers and bad tweed suits would tell you like when you're writing a will or something like that you need the license you need a license and then that's that's not me trying to help the you know help the the community of lawyers with with fees it's just the best route to go especially in this environment and I think clearly the money service business of it denominator you are money service business and if you sort of look at it transitively then you are in fact acting as a money transmitter and we need to state the state level license now if you're providing some sort of service with respect to going in and out of a particular coin that may be a different a different dog all together so if you have a let's say you you develop a token tokens for your platform and people can go in and out of that token for purposes of utilizing that platform like think of a ICO utility token that wouldn't be a money service business right that wouldn't be money service because you're not engaged in the transfer of those funds that's just an antecedent to what you're trying to do with your particular platform right whether there's a mobile app of software will game whatever it is when you're you're actively engaged right when those transfers right from that transfer from fiat to token and back are antecedent or connected with the transfer money between individuals right even if you're using this the token as the medium of exchange that then you are a money service business you may not be a money.