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Does user B need any sort of exchange/money transmitter license?

Do you check the laws for this in each country you are available in?

Do you notify user B of this fact and the potential legal risks?

Do you verify if they have the license?

User B is sending a peer-to-peer transaction, akin to a Zelle or Venmo. In most other countries, these peer-to-peer payments (PIX, UPI, etc.) do billions of transactions per month. And since you're sending your own funds, you're not a money transmitter. If we do work with any larger entities (e.g., an OTC desk, liquidity provider), we'd certainly be cognizant of the relevant licensing.

> And since you're sending your own funds, you're not a money transmitter.

It's MUCH more complicated than that in several countries, particularly the US.

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