Growth Hacker & Risk Consultant To Businesses In High Risk Industries.
Have a question for Adam Tracy?
Adam Tracy’s base of operations is located in Los Angeles, California.
Adam S. Tracy offers a global reach, with a local feel. While a small majority of his clients are located within North America, he routinely partners and works with clients from across the globe – including the European Union, South America, Australia, Africa, and Asia.
Yes, I work with a number of banks that will accept blockchain projects and cryptocurrency related businesses. These banks can be found in the United States, European Union, Asia and Caribbean.
Yes, I currently work with a number of payment service providers that will accept cryptocurrency-related businesses including Initial Coin Offerings and Security Token Offerings.
The short answer is yes, promoters of Initial Coin Offerings, Initial Exchange Offerings and Security Token Offerings must register with U.S. FinCEN as a Money Service Business
Of course. We have advised multiple companies seeking to acquire a Digital Asset Business License in Bermuda.
In order to accept fiat currency as part of a cryptocurrency exchange, not only would one have to register as a Money Service Business, but one would also have to obtain Money Transmitter licenses in the respective states of operation.
In theory, any jurisdiction. In practice, however, the process is much different. Dominica, St. Vincent, Puerto Rico and Vanuatu are common jurisdictions with cost effective frameworks. However, there are a multitude of other jurisdictions, including state-chartered US banks that are feasible depending on one’s capitalization.
Yes, I advise a number of remittance providers on a wide range of compliance and operational matters, including license matters.