Let’s break down the idiocracy of the money transmitter thing.

I have $10 in cash. I can hand it to you without anyone knowing. Is this ok?

Now say I am 10 yards away, can I throw it at you? Is that ok?

Say you are in a different city, can I put it it in an envelope and send it to you?

If you are in a different country, can I send you a text and say, I promise I’ll pay you $10 when I see you?

Where do we draw the line for money transmitter?