Maine (ME)
Money transmission and virtual currency licensing planning data for Maine.
Population weight (planning): 0.41% · 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, under a single unified licence. Maine's Money Transmission Modernization Act folds virtual currency business activity into the same business of money transmission as the fiat leg, so one NMLS record and one licence commonly cover this whole scenario.
Verified 2026-07-16. Source
Fiat treatment
Money transmission covers selling or issuing payment instruments or stored value, and receiving money for transmission, under 32 M.R.S. ch. 79-A, the Maine Money Transmission Modernization Act, enacted 22 April 2024 and effective 16 July 2024.
Verified 2026-07-16. Source
Virtual currency treatment
Included in the same licence. Subchapter 13 of ch. 79-A makes a person licensed for virtual currency business activity, being the exchange, transfer or storage of virtual currency, subject to the whole Act as money transmission, under 32 M.R.S. section 6100-QQ, with added disclosure and unhosted-wallet requirements.
Verified 2026-07-16. Source
Regulator
Maine Bureau of Consumer Credit Protection, Department of Professional and Financial Regulation.
Verified 2026-07-16. Source
NMLS / portal
Money Transmitter and Virtual Currency Business Activity Licence, Maine Bureau of Consumer Credit Protection, applied for through NMLS.
Verified 2026-07-16. Source
Launch posture
green: Single unified licence explicitly covers both the fiat and virtual currency legs, with the lowest and simplest bond of the seven states.
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.