3 ms·
A MTL shall not be required of an individual, business for these activities
- Cider9986 6mo agoSection 34-47-60. (A) A money transmitter license pursuant to Article 2, Chapter 11, Title 35 shall not be required of an individual or business due to their participation in the following activities: (1) digital asset mining; (2) operating a node or a series of nodes on a blockchain protocol; (3) developing software on a blockchain protocol, even if the software effectuates the exchange of one digital asset for another digital asset; or (4) exchanging a digital asset for another digital asset without exchanging digital assets for legal tender or bank deposits. (B) An individual or business shall not be prohibited from operating a node for the purpose of connecting to a blockchain protocol and participating in such blockchain protocol's operations. (C) A business offering to provide digital asset mining as a service or staking as a service for individuals or to other businesses is not offering a security pursuant to Title 35.