Money Transmitter License in the State of Montana the Abridged Version

Montana is the only state in the US that does not have a specific money transmitter license. However, this does not mean that money transmitters do not need any licenses in Montana. In fact, the Montana Division of Banking and Financial Institutions (Division) has stated that money transmitters may need to obtain other types of licenses in order to operate in the state, depending on the specific activities they are engaged in. ...