CHAPTER 2. Licensure [3201. - 3225.]
Chapter 2 added by Stats. 2023, Ch. 792, Sec. 1.
§§ 3201–3225 · 13 sections
- § 3201 On or after July 1, 2026, a person shall not engage in digital financial asset business activity, or hold itself out as being able to engage in digital…
- § 3203 (a) An application for a license under this division shall meet all of the following requirements: (1) The application shall be in a form and medium prescribed…
- § 3205 (a) The commissioner may issue a conditional license to an applicant who holds or maintains a license to conduct virtual currency business activity in the…
- § 3207 (a) (1) (A) A licensee shall maintain a surety bond or trust account in United States dollars in a form and amount as determined by the department for the…
- § 3209 (a) The department shall issue a license to an applicant if all of the following conditions are satisfied: (1) The commissioner finds that all of the criteria…
- § 3211 (a) Subject to subdivision (h), between October 1 and November 1 of each year, a licensee shall submit to the department an annual report under subdivision…
- § 3213 A license under this division is not transferable or assignable.
- § 3215 (a) The department may adopt rules necessary to implement this division and may offer informal guidance to any prospective applicant for a license under this…
- § 3217 (a) The commissioner may establish relationships or contracts with the Nationwide Multistate Licensing System and Registry or other entities designated by the…
- § 3219 (a) (1) The commissioner shall require the submission of fingerprints for each applicant if the applicant is a natural person, and of each executive officer…
- § 3221 (a) An applicant shall not be denied a license on the basis of a criminal conviction, or on the basis of acts underlying a criminal conviction, if the…
- § 3223 (a) Except as otherwise provided in Section 5111 of the SAFE Act, the requirements under any federal law or the Information Practices Act of 1977 (Chapter 1…
- § 3225 The commissioner shall regularly report violations of this division, enforcement actions under this division, and other relevant information to the Nationwide…