Maine Statutes
§ 32 §6100-QQ — License required for engaging in virtual currency business activity
Licensing for virtual currency business activity is governed by this section.
1.Licensing.
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:
2.Requirements.
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 Act.
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Maine § 32 §6100-QQ (License required for engaging in virtual currency business activity) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
PL 2023, c. 662, §2 (NEW).
Nearby Sections
15
§ 32 §6100
Report of condition§ 32 §6100-A
Audited financials§ 32 §6100-AA
Consent agreements§ 32 §6100-B
Authorized delegate reporting§ 32 §6100-BB
Criminal penalties§ 32 §6100-C
Reports of certain events§ 32 §6100-CC
Civil penalties§ 32 §6100-D
Bank Secrecy Act reports§ 32 §6100-DD
Unlicensed persons§ 32 §6100-E
Records§ 32 §6100-HH
Uniformity of application and construction§ 32 §6100-I
Unauthorized activities§ 32 §6100-II
Adoption of rules