Utah Code Ann. § 7-29-104
Exemption from money transmission license.
Effective May 7, 2025Enacted by Chapter 228, 2025 General Session
Technically renumbered to avoid duplication of newly enacted code also in SB0294, Chapter 482.
- (1) operating one or more nodes on a blockchain protocol;
- (2) developing software on a blockchain protocol; or
(3) operating a business or decentralized protocol that:
- (a) effectuates the exchange of one digital asset for another digital asset; and
- (b) does not exchange digital assets for legal tender or bank deposits.
Enacted by Chapter 228, 2025 General Session