Professional statute overview
Enactment structure, operative effect and source provenance
01
Purpose and legislative effect
“Certain blockchain-related activities are exempt from the money transmitter license requirement.”
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02
How the instrument operates
- 01
Start with the recorded version
Enacted 2025. The date shown identifies this source expression and should not be treated as proof that no later change exists.
- 02
Locate the controlling provision
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- 03
Read conditions and exceptions together
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- 04
Verify currency and official wording
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03
Research entry points
Selected provisions across the instrument. Open any row to continue with the exact stored text.
Certain blockchain-related activities are exempt from the money transmitter license requirement.
Section 7-29-104
operating one or more nodes on a blockchain protocol;
Section 7-29-104(1)
operating a business or decentralized protocol that: effectuates the exchange of one digital asset for another digital asset; and does not exchange digital assets for legal tender or bank deposits.
Section 7-29-104(3)
effectuates the exchange of one digital asset for another digital asset; and
Section 7-29-104(3)(a)
It does not exchange digital assets for legal tender or bank deposits.
Section 7-29-104(3)(b)
04
Source and current-law status
In force source record
Source record from le.utah.gov · Enacted 2025
This source records the instrument as in force. Confirm subsequent amendments, commencement notices, and judicial treatment before relying on it.