Utah Code § 7-29-104
This is the official text of Utah Code § 7-29-104, part of Utah’s Code — part of the compiled statutory law of Utah, published by the state as "Code." Browse the sections below, each linked to its official government source.
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§ 7-29-104. Exemption from money transmission license.
Official statutory text
The following activities do not require an individual or business to obtain a money transmitter license under Title 7, Chapter 25, Money Transmitter Act: (1) operating one or more nodes on a blockchain protocol; (2) developing software on a blockchain protocol; or (3) operating a business or decentralized protocol that: (a) effectuates the exchange of one digital asset for another digital asset; and (b) does not exchange digital assets for legal tender or bank deposits.
Status: in_force · Read it on the official government site
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