(a)A registrant shall maintain, for all digital asset business activity with or on behalf of a resident for 5 years after the date of the activity, a record of all of the following:
(1)Any transaction of the registrant with or on behalf of the resident or for the registrant's account in this State, including all of the following:
(A)The identity of the resident.
(B)The form of the transaction.
(C)The amount, date, and payment instructions given by the resident.
(D)The account number, name, and physical address of:
(i)the parties to the transaction that are customers or account holders of the registrant; and (ii) to the extent practicable, any other parties to the transaction.
(2)The aggregate number of transactions and aggregate value of transactions by the registrant with, or on b
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(a) A registrant shall maintain, for all digital asset business activity with or on behalf of a resident for 5 years after the date of the activity, a record of all of the following: (1) Any transaction of the registrant with or on behalf of the resident or for the registrant's account in this State, including all of the following: (A) The identity of the resident. (B) The form of the transaction. (C) The amount, date, and payment instructions given by the resident. (D) The account number, name, and physical address of: (i) the parties to the transaction that are customers or account holders of the registrant; and (ii) to the extent practicable, any other parties to the transaction. (2) The aggregate number of transactions and aggregate value of transactions by the registrant with, or on behalf of, the resident and for the registrant's account in this State expressed in United States dollar equivalent of digital assets for the previous 12 calendar months. (3) Any transaction in which the registrant exchanged one form of digital asset for fiat currency or another form of digital asset with or on behalf of the resident. (4) A general ledger maintained at least monthly that lists all assets, liabilities, capital, income, and expenses of the registrant. (5) Any report of condition or other reports to the Department, at such times and in such form, as the Department may request. (6) Bank statements and bank reconciliation records for the registrant and the name, account number, and United States Postal Service address of any bank or credit union the registrant uses in the conduct of its digital asset business activity with or on behalf of the resident. (7) A report of any dispute with a resident. (b) A registrant shall maintain records required by subsection (a) in a form that enables the Department to determine whether the registrant is in compliance with this Act, any court order, and the laws of this State. (c) If a registrant maintains records outside this State that pertain to transactions with or on behalf of a resident, the registrant shall make the records available to the Department not later than 3 days after request, or, on a determination of good cause by the Department, in its sole discretion, at a later time. (d) All records maintained by a registrant, any affiliate, or any service provider are subject to inspection by the Department.