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Questions Answered by Alan Abergel

1 Answer | Asked in Securities Law for California on

Q: Would this business require a money transmitter license or be exempt?

Based on FinCen determinations in FIN-2014-R004, R005 and R006, would this business process be considered an exemption from being a money transmitter?

Consumers that want to purchase products/services using cryptocurrency can pay us to make the purchase for them. They identify what they... Read more »

Alan Abergel answered on Jan 11, 2019

You will need to retain an attorney to review your business model to determine if it is subject to FINCEN registration and regulation and/or other financial regulation. You may also be required to obtain a money transmission license from each state or country in which you conduct business and/or... Read more »

2 Answers | Asked in Securities Law for California on

Q: I know that there are federal securities laws, but are there any that are state-specific to California that differ from

the federal ones?

Alan Abergel answered on Dec 11, 2018

There are many California securities laws (corporations code sections and regulations) that differ from federal securities laws.

The Corporate Securities Law of 1968 regulates all offers and sales of securities in California...
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