Minnesota Legislature
Office of the Revisor of Statutes
2023 Minnesota Statutes
53B.71 VIRTUAL CURRENCY BUSINESS ACTIVITY; CONDITIONS PRECEDENT.
(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.
History:
Official Publication of the State of Minnesota
Revisor of Statutes