Idaho (ID)
Money transmission and virtual currency licensing planning data for Idaho.
Population weight (planning): 0.59% · 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 Department of Finance explicitly lists virtual currency exchangers that accept fiat for later delivery of virtual currency as needing a money transmitter licence, squarely covering a CVC exchange with a fiat on/off ramp; no exchange-specific statutory carve-out exists.
Verified 2026-07-16. Source
Fiat treatment
Yes. Money transmission is defined to include the business of receiving money for transmission at Idaho Code 26-2902(11), so the fiat leg alone commonly triggers the licensing requirement at Idaho Code 26-2903, independent of any virtual currency leg.
Verified 2026-07-16. Source
Virtual currency treatment
Guidance-only. The 1994 Idaho Money Transmitters Act (Idaho Code 26-2901 et seq.) has no statutory definition of virtual or digital currency; the Department instead brings virtual currency exchangers within the existing money transmission definition through its own published interpretive guidance.
Verified 2026-07-16. Source
Regulator
Idaho Department of Finance, Securities Bureau, the state agency that administers and enforces the Idaho Money Transmitters Act, Idaho Code 26-2901 et seq.
Verified 2026-07-16. Source
NMLS / portal
NMLS licence type: Money Transmitter (Idaho). Applications and the state-specific new-application checklist are filed through the Nationwide Multistate Licensing System.
Verified 2026-07-16. Source
Launch posture
amber: Idaho licenses virtual currency exchangers only through Department guidance interpreting an unamended 1994 statute that never defines virtual currency, leaving the framework settled in practice but.
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.