Minn. Stat. § 53B.71
This is the official text of Minn. Stat. § 53B.71, part of Minnesota’s Stat — part of the compiled statutory law of Minnesota, published by the state as "Stat." Browse the sections below, each linked to its official government source.
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§ 53B.71 VIRTUAL CURRENCY BUSINESS ACTIVITY; CONDITIONS PRECEDENT.
Official statutory text
(a) A person may not engage in virtual-currency business activity, or hold itself out as being able to engage in virtual-currency business activity, with or on behalf of another person unless the person is:
(1) licensed in Minnesota by the commissioner under section 53B.40 ; or
(2) exempt from licensing under section 53B.29 .
(b) A person that is licensed to engage in virtual-currency business activity is engaged in the business of money transmission and is subject to the requirements of this chapter.
(1) licensed in Minnesota by the commissioner under section 53B.40 ; or
(2) exempt from licensing under section 53B.29 .
(b) A person that is licensed to engage in virtual-currency business activity is engaged in the business of money transmission and is subject to the requirements of this chapter.
Status: in_force · Read it on the official government site
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