Obtaining a Money Transmitter License (MTL) in the USA with Blocons USA

Blocons USA helps crypto and fintech companies obtain a Money Transmitter License (MTL) in the US — a mandatory document for legal activity in the field of money transfers and currency exchange. Our experience includes registration with FinCEN, licensing in key states (New York, California, Texas, and others), and full compliance with OFAC, banking regulators, and the Money Service Business Act requirements. Why obtain a Money Transmitter license in the US? Obtaining an MTL license gives you access to bank accounts, payment gateways, and major partners. Without it, you risk:

• freezing of transactions and bank accounts;
• fines from FinCEN and OFAC;
• loss of trust from users and investors.

Steps to obtain an MTL license from Blocons USA

1. Registration with FinCEN

Blocons USA prepares and submits a registration application as an MSB (Money Services Business) to FinCEN, including the development of internal AML/KYC policies.

2. Analysis of state requirements

We assess which states require an MTL license, taking into account transaction thresholds and types of services, and prepare a package of documents for NYDFS, California DFPI, Texas Department of Banking, and others.

3. Document preparation and bond coverage

Blocons arranges for the issuance of surety bonds in accordance with each state's requirements and prepares articles of incorporation, financial statements, and insurance policies.

4. Interaction with regulators and ongoing compliance

We negotiate with state regulators, respond to inquiries, accompany inspections, and set up regular reporting and transaction monitoring.

Current nuances for 2025

• FinCEN has updated its e-signature requirements for MTL applications: remote identification via certified platforms is now permitted.
• New York has introduced enhanced PEP and sanctions checks based on the OFAC API standard for exchanges and wallets.
• In 2025, the Texas Department of Banking expanded the list of permitted digital assets, which affects the classification of services.

Advantages of working with Blocons USA

• Extensive experience in MTL licensing in more than 15 US states.
• Comprehensive solution: from FinCEN to local regulators and bonding.
• Support for compliance processes and updating internal policies.

Frequently asked questions

How many states require an MTL license?

Licensing is required in every state where you provide services, including not only the largest states but also smaller jurisdictions with their own MSB rules.

Do I need to maintain a bond for each license?

Yes, each state sets a minimum surety bond amount. Blocons USA selects the best terms from insurance providers.

How long does the process take?

It depends on the state: from 8 weeks (California license) to 6 months (New York). With Blocons USA, you will reduce the time by 20-30%.

Submit an application

Ready to apply for a Money Transmitter license in the US with Blocons? Submit an application, and we will contact you within an hour with a detailed action plan.