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Exemption from money transmission license.

Utah Code § 7-29-104
in effect
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7-29-104. Exemption from money transmission license. 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. Enacted by Chapter 228, 2025 General Session
Source: Utah Office of Legislative Research and General Counsel (le.utah.gov)URL: https://le.utah.gov/xcode/Title7/Chapter29/7-29-S104.html?v=C7-29-S104_2025050720250507Fetched: 10/26/2026

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