GroundRules
Utah Code § 7-29-104: Exemption from money transmission license.
Where this section sits in the code
- Title 7 Financial Institutions Act
- Chapter 7-29 Digital Asset and Blockchain Technology
- Part 7-29-1 General Provisions
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.
Collected 2026-09-03T11:34:33Z. Source file · JSON