Coin

<ul class="news-points"> 
 <li><strong>Rhode Island granted X a virtual currency transmitter license, enabling the sending and receiving of fiat and crypto.</strong></li> 
 <li><strong>The license is a crucial endorsement for entities handling monetary transfers, showing X’s broad financial goals.</strong></li> 
 <li><strong>The approval could be the first step to Musk’s vision of an Everything app.</strong></li> 
</ul> 
<p>Rhode Island’s financial regulatory authorities have <a href="https://www.nmlsconsumeraccess.org/EntityDetails.aspx/COMPANY/2404946" target="_blank" rel="noopener noreferrer nofollow">granted </a>X (formerly Twitter) a virtual currency transmitter license, enabling the company to engage in the sending and receiving of both traditional fiat and digital currencies. This license signifies X’s extensive financial aspirations.</p> 
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
   <p lang="en" dir="ltr">8⃣ Final Take:<br><br><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f449.png" alt="👉" class="wp-smiley" style="height: 1em; max-height: 1em;"> Details are still emerging about what X’s payment features will look like, but its foundation seems to be expanding steadily. <a href="https://t.co/7CnOz5w9Cs" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/7CnOz5w9Cs</a></p>— Keyur Rohit (@CryptoKingKeyur) <a href="https://twitter.com/CryptoKingKeyur/status/1696753168657547523?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">August 30, 2023</a> 
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<p>The virtual currency transmitter license is an essential requirement for entities involved in the transfer of monetary value. In simpler terms, it acts as an endorsement from the financial sector, indicating that a business is capable of securely handling, moving, and exchanging both conventional and digital currencies.</p> 
<p>The latest approval highligh…</p> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/regulatory-body-grants-x-twitter-virtual-currency-transmitter-license/">Regulatory Body Grants X (Twitter) Virtual Currency Transmitter License</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

Regulatory Body Grants X (Twitter) Virtual Currency Transmitter License

Coin Edition

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