Why Nostr? What is Njump?
2024-04-27 23:30:29
in reply to

G on Nostr: Funny that they go to a dictionary definition - that's because if they read the ...

Funny that they go to a dictionary definition - that's because if they read the definition from the same code that defines a money transmitter, their argument falls apart:
"Money Transmitter":
https://www.ecfr.gov/current/title-31/subtitle-B/chapter-X/part-1010/subpart-A/section-1010.100#p-1010.100(ff)(5)

"Transmittal of funds":
https://www.ecfr.gov/current/title-31/part-1010/section-1010.100#p-1010.100(ddd)

"Funds transfer":
https://www.ecfr.gov/current/title-31/part-1010/section-1010.100#p-1010.100(w)

These regulations clearly are about financial institutions accepting orders to pay (negotiable instruments) and paying a third party on someone else's behalf.
Author Public Key
npub17s60zkze7guup2xauha6kzspn7ta64q56d7g83rxd3rls85k3qyqlvnup8