I've hit so many roadblocks since day 1 in this business that it doesn't come as a surprise to me anymore when I hear this line: "We can't work with you because you are in the financial industry and are a Money Service Business."
I can't help but think that the big boys are influencing the regulations so that the growing businesses like PeerFX, that actually want to do something for the everyday consumer instead of ripping them off, cease to be on the playing field.
Of course, I still think rules were made to be broken :)
I've spent most of my morning trying to get on board with some potential new partners with no luck. I keep hearing that damned line - "We can't work with you because you are a Money Service Business".
After being in the industry for 2 years now it's FRUSTRATING! Seriously, the rules you put in place lock out everybody EXCEPT the criminals. Would a real criminal tell you that they are a forex broker or that they are trying to launder money? I don't think so.
If they do then they should be on the show World's Dumbest Criminals. Plus, we know that the "successful" criminals cannot be barred out by these regulations anyway, so who are we kidding?
Hitting 5000 walls has not stopped me from building this business and though this wall seems larger than the ones before, I'm determined to break you down.