Are vending machine operated companies considered a type of money service business?
The definition of "money services business" in the Treasury Department's regulations is generally accepted as a standard. A money services business is in the business of:
selling, issuing or redeeming money orders or traveler's checks
transferring money on behalf of other persons
cashing checks
exchanging currency (one country's currency for another's, or different denominations of one country's currency)
buying and selling foreign currency
issuing, selling or redeeming stored value (for example, prepaid phone cards, gift cards, etc.)
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