> provides check cashing, currency exchange, or money transmitting or remittance services
says that Samourai is a money transmitting business iff they provide a money transmitting service. Part B:
> accepting currency, funds, or value that substitutes for currency and transmitting the currency, funds, or value that substitutes for currency by any means
says that they must be accepting currency/funds/value, which they don't appear to be. They only accept instructions from each user for how to spend funds to themselves.
nradov|1 year ago
https://www.law.cornell.edu/uscode/text/31/5330#d_1
tromp|1 year ago
> provides check cashing, currency exchange, or money transmitting or remittance services
says that Samourai is a money transmitting business iff they provide a money transmitting service. Part B:
> accepting currency, funds, or value that substitutes for currency and transmitting the currency, funds, or value that substitutes for currency by any means
says that they must be accepting currency/funds/value, which they don't appear to be. They only accept instructions from each user for how to spend funds to themselves.