{"data":{"id":"us-mn/minn.-stat.-53b.71","jurisdiction":"us-mn","citation":"Minn. Stat. § 53B.71","heading":"VIRTUAL CURRENCY BUSINESS ACTIVITY; CONDITIONS PRECEDENT.","body":"(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:\n(1) licensed in Minnesota by the commissioner under section 53B.40; or\n(2) exempt from licensing under section 53B.29.\n(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.","path":["BANKING","CHAPTER 53B. MONEY TRANSMITTERS","VIRTUAL CURRENCY"],"source_url":"https://www.revisor.mn.gov/statutes/cite/53B.71","current_through":"2025 Minnesota Statutes","vintage":"","retrieved_at":"2026-09-02T22:10:27Z","sha256":"490335620e3ded9602c25bbcb674af6477d2611edfdddb9f81286bc0c5d078b4","source_id":"us-mn","stale":false,"prev":"us-mn/minn.-stat.-53b.70","next":"us-mn/minn.-stat.-53b.72"},"notice":"GroundRules: Original legal text. Not legal advice."}