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Acetylcholinesterase hydrolyzes the neurotransmitter acetylcholine at neuromuscular junctions and brain cholinergic synapses, and thus terminates signal transmission. It is also found on the red blood cell membranes, where it constitutes the Yt blood group antigen.
Acetylcholine receptors are located on the motor end plate or  postsynaptic sarcolemma. Otto Loewi was a German pharmacologist  whose discovery of acetylcholine earned the 1 â¦ 936 Nobel prize in  Physiology or Medicine which he shared with Sir Henry Dale.  Acetylcholine is a neurotransmitter.