Representing The Interests of MSBs

FedMSB is a nonprofit trade association dedicated to advancing the next-generation MSB 2.0 architecture.

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Be a part of the Community!

FedMSB is the home of Money Services Businesses (MSBs) in the U.S.

Licensing Support

FedMSB assists member organizations in navigating the complex landscape of Money Services Business (MSB) licensing, providing comprehensive guidance on obtaining the necessary licenses.

Compliance Support

FedMSB helps member institutions build and maintain robust compliance programs across AML, KYC, and data governance domains by providing practical guidance and educational resources.

Industry Collaboration

FedMSB fosters strategic dialogue with regulatory and financial sectors, encouraging joint action across the MSB ecosystem. We support our members in driving innovation while safeguarding their interests.

Am I a Money Services Business?

The current rules amended in 1999 by the FinCEN revised the regulatory definitions of certain non-bank financial institutions for purposes of the Bank Secrecy Act (BSA) and grouped the definitions into a separate category of financial institution called “money services businesses” or “MSBs.”

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How Do I Search for MSB Information?

The MSB Search contains entities that have registered as MSBs pursuant to the Bank Secrecy Act (BSA) regulations at 31 CFR 1022.380(a)-(f), administered by FinCEN. Information contained on this site has been provided by the MSB registrant and reflects only what the registrant has provided to FinCEN.

Role Clarification

Non-Money Transmission and Non-Financial Roles

FedMSB is not a financial institution. Instead, it serves as a publisher, certifying authority, and neutral standards body.

Publication & Tools

A strong business is built on strong resources. FedMSB publishes products and resources that support research, practice, regulation, and general well-being, while also developing tools to help Money Services Businesses perform their day-to-day operations.

Standards & Certifying

FedMSB’s Standards & Certifying initiatives aim to elevate the MSB industry’s reputation and effectiveness. Our standards provide a foundation for best practices, ensuring compliance, fostering innovation, and building trust across the financial ecosystem.

Technical Infrastructure

FedMSB supports the development of shared, secure, and scalable technical infrastructure for the MSB 2.0 era. This architecture is open to contributions and iterations from members, fostering a community-driven approach to solving sector-wide challenges.

News, Bulletin & Insights

For Members & Industry

Gen Z and Digital Payments: Observations from a Student Perspective

September 2, 2025

Generation Z grew up with smartphones and the internet as the default. For many U.S. high school students, paying with a phone, sending money to friends, and checking balances in apps already feel ordinary. This brief organizes first-hand observations from school life and peer conversations into: commonly used payment methods, reasons for preference, and…
FedMSB Submits Comment to U.S. Treasury on Innovative Approaches to Detect Illicit Activity Involving Digital Assets

August 22, 2025

FedMSB has formally submitted its comment to the U.S. Department of the Treasury in response to the Request for Comment under Section 9(a) of the GENIUS Act, focused on “Innovative Methods to Detect Illicit Activity Involving Digital Assets” (Docket No. TREAS-DO-2025-0070).
FedMSB Unveils Concept Design for U.S. Payment Stablecoin Under the GENIUS Act

July 24, 2025

FedMSB today released the official concept renderings for the 2025 U.S. payment stablecoin, developed under the framework of the GENIUS Act .

Quarterly Journal

A Journal of Digital Value and Money Services

BitCurrency is the official quarterly academic journal of the FedMSB, dedicated to advancing original research and critical analysis in the fields of digital value and money services.