Wu Shuo learned that the Georgia Department of Banking and Finance (DBF) issued a Cease and Desist Order to Virtual Assets LLC (operating under the name Crypto Dispensers). The regulatory agency stated that the company engaged in virtual asset-related money transmission activities in Georgia without obtaining a money transmission license and not qualifying for an exemption, allegedly violating state laws.
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Wu Shuo learned that the Georgia Department of Banking and Finance (DBF) issued a Cease and Desist Order to Virtual Assets LLC (operating under the name Crypto Dispensers). The regulatory agency stated that the company engaged in virtual asset-related money transmission activities in Georgia without obtaining a money transmission license and not qualifying for an exemption, allegedly violating state laws.