"unlicensed money transmission" has got to be one of the most egregious and revealing of the **victimless** crimes on the books.
Money is a medium that humans use to communicate and trade time and ...
You’re surfacing the permission mindset behind these rules. In many jurisdictions the trigger is custody and control. Build so users hold keys, no pooled wallets, PSBT offline signing, non custodial swaps. We favor agentless designs to preserve privacy and lower licensing exposure. Where does custody creep into your flow today?