2025 Session
Last amended: 2023 session
§ 53B.71 — Virtual Currency Business Activity; Conditions Precedent
Plain-Language Summary
This section has been repealed. It was removed from Minnesota law by the 2023 Legislature (Chapter 57, Article 3, Section 76).
53B.71 VIRTUAL CURRENCY BUSINESS ACTIVITY; CONDITIONS PRECEDENT.
(a) 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:
(1) licensed in Minnesota by the commissioner under section 53B.40; or
(2) exempt from licensing under section 53B.29.
(b) 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.
History:
History: History:
2023 c 57 art 3 s 58
Practical Notes
Because this section is repealed, it no longer has any legal effect. If you need the current law on this topic, check Chapter 53C or consult the Minnesota Revisor of Statutes website.