{"data":{"id":"us-ut/utah-code-7-29-104","jurisdiction":"us-ut","citation":"Utah Code § 7-29-104","heading":"Exemption from money transmission license.","body":"The following activities do not require an individual or business to obtain a money transmitter license under Title 7, Chapter 25, Money Transmitter Act:\n(1) operating one or more nodes on a blockchain protocol;\n(2) developing software on a blockchain protocol; or\n(3) operating a business or decentralized protocol that:\n(a) effectuates the exchange of one digital asset for another digital asset; and\n(b) does not exchange digital assets for legal tender or bank deposits.","path":["Title 7 Financial Institutions Act","Chapter 7-29 Digital Asset and Blockchain Technology","Part 7-29-1 General Provisions"],"source_url":"https://le.utah.gov/xcode/Title7/Chapter29/7-29-S104.html","current_through":"2026 General Session","vintage":"","retrieved_at":"2026-09-03T11:34:33Z","sha256":"3b6f7053bb4e3c6a59153c26cf00b0f17e724b7e83b95621ae7950800c1582b0","source_id":"us-ut","stale":false,"prev":"us-ut/utah-code-7-29-103","next":"us-ut/utah-code-8-2-1"},"notice":"GroundRules: Original legal text. Not legal advice."}