Conditions precedent to engaging in virtual-currency business activity

N.D. Cent. Code § 13-09.1-46
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
13-09.1-46. Conditions precedent to engaging in virtual-currency business activity 1. 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: a. Licensed in this state by the commissioner pursuant to section 13-09.1-13; or b. Exempt from licensing under section 13-09.1-02. 2. 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.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://ndlegis.gov/cencode/t13c09-1.pdf#nameddest=13-09p1-46Fetched: 10/16/2026

Starting a business in North Dakota? North Dakota LLC guide: costs and requirements