Mississippi (MS)
Money transmission and virtual currency licensing planning data for Mississippi.
Population weight (planning): 0.86% · 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. Money transmission requires a licence from the Department of Banking and Consumer Finance. The 2025 Money Transmission Modernization Act (House Bill 1428, effective 1 July 2025) replaced the prior Mississippi Money Transmitters Act, and a CVC exchange receiving customer fiat for transmission or exchange typically falls within scope.
Verified 2026-07-16. Source
Fiat treatment
Money transmission is defined as engaging in the business of selling or issuing checks, or receiving money or monetary value for transmission; this fiat-transmission core has applied since the original 1966 Act and continues under the 2025 modernization.
Verified 2026-07-16. Source
Virtual currency treatment
Treated within the money transmission umbrella. A 2026 act (House Bill 1625, the Virtual Currency Kiosk Consumer Protection Act, effective 1 July 2026) expressly requires kiosk operators to hold a money transmitter licence; a non-kiosk online CVC exchange is understood to need the same general licence, though the exact current core definition text could not be independently retrieved.
Verified 2026-07-16. Source · under review
Regulator
Mississippi Department of Banking and Consumer Finance (DBCF), Nonbank Division.
Verified 2026-07-16. Source
Launch posture
amber: Genuine modernization is underway (HB 1428, HB 1625) but the regulator's own published requirements list has not caught up in places, so fee, bond and net.
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.