Montana (MT)
Money transmission and virtual currency licensing planning data for Montana.
Population weight (planning): 0.33% · 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
No. Montana remains the only US state with no money transmitter licensing regime. The Division of Banking and Financial Institutions states plainly that it does not regulate money transmitters, so a CVC exchange needs no state licence to serve Montana residents.
Verified 2026-07-16. Source
Fiat treatment
Not licensed at the state level. Fiat money transmission activity is unregulated by Montana; only federal FinCEN money services business registration and Bank Secrecy Act obligations apply.
Verified 2026-07-16. Source
Virtual currency treatment
Not licensed or separately defined for money transmission purposes. The 2025 Financial Freedom and Innovation Act (Senate Bill 265, effective October 2025) protects rights to use digital assets and creates securities-style certification for network token issuers, but creates no money transmitter or exchange licence.
Verified 2026-07-16. Source
Regulator
Montana Division of Banking and Financial Institutions has no money transmission jurisdiction; the State Auditor's office separately administers Senate Bill 265 network token certification.
Verified 2026-07-16. Source
NMLS / portal
No NMLS money transmitter licence type exists for Montana.
Verified 2026-07-16. Source
Launch posture
green: No state money transmitter licence, fee, bond or net worth requirement applies to this scenario.
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.