Alabama (AL)
Money transmission and virtual currency licensing planning data for Alabama.
Population weight (planning): 1.50% · Back to matrix · Launch map
How to read this page: confirmed cells are checked against a primary regulatory source and dated. Under review marks a cell where primary sources conflict or a figure awaits confirmation.
MTL required
Yes. The Monetary Transmission Act licenses money transmission, defined as receiving money or monetary value for transmission; monetary value expressly includes virtual currency, so both the fiat ramp and the CVC leg sit inside one licence. Ala. Code 8-7A-5, 8-7A-2.
Verified 2026-07-16. Source
Fiat treatment
Fiat money transmission, receiving money or monetary value for transmission, is the core licensed activity under the Act, subject to the exclusions and exemptions in sections 8-7A-3 and 8-7A-4. Ala. Code 8-7A-2(10).
Verified 2026-07-16. Source
Virtual currency treatment
Inside the money transmission statute, not a separate regime: monetary value is defined to include virtual or fiat currencies, so transmitting virtual currency as a business typically falls under the same licence as fiat transmission. Ala. Code 8-7A-2(8).
Verified 2026-07-16. Source
Regulator
Alabama Securities Commission (ASC), Registration Division, not a banking department, administers monetary transmission licensing.
Verified 2026-07-16. Source
NMLS / portal
Money Transmitter License, filed through the Nationwide Multistate Licensing System; ASC's own instructions also describe direct paper filing of Form MT by mail.
Verified 2026-07-16. Source
Launch posture
green: Conventional single-tier MTL with a modest $25,000 net worth floor and a scenario bond well under the $5,000,000 ceiling.
Verified 2026-07-16. Source
Net worth / capital (locked)
Net worth / capital is included with access.Permissible investments (locked)
Permissible investments is included with access.Exam / audit timeline (locked)
Exam / audit timeline is included with access.Practitioner notes (locked)
Practitioner notes is included with access.Under the planning scenario
LicenceMap's bond and net worth figures use one scenario throughout: a virtual currency exchange with a fiat on and off ramp, $50m in annual US transmission volume, $2m in average daily outstanding liability, and a single principal office.
Surety bond: Surety bond is included with access.
Net worth / capital: Net worth / capital is included with access.