Nevada (NV)
Money transmission and virtual currency licensing planning data for Nevada.
Population weight (planning): 0.95% · 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, NRS Chapter 671 requires a money transmitter licence for any entity receiving or transmitting money or credits, and the Financial Institutions Division applies this to fiat-touching virtual currency exchange activity. A pure custody-only digital asset model may instead sit under the NRS 669 trust company regime.
Verified 2026-07-16. Source
Fiat treatment
Fiat money transmission is the core, unmodified activity the chapter regulates: selling or issuing payment instruments or stored value, or receiving money or credits for transmission, from a person located in Nevada, all trigger licensing under NRS 671.013.
Verified 2026-07-16. Source
Virtual currency treatment
Not a defined term in the rewritten Chapter 671 (the 2023 MTMA-style rewrite added no virtual currency definition). FID instead makes a case-by-case licensure determination under the general money transmission definition, treating fiat-touching crypto exchange as money transmission and routing pure custody toward the trust company chapter.
Verified 2026-07-16. Source
Regulator
Nevada Financial Institutions Division (FID), Department of Business and Industry.
Verified 2026-07-16. Source
NMLS / portal
Money Transmitter licence (NMLS); initial and renewal applications run through NMLS using the Company Form (MU-1) for the principal office.
Verified 2026-07-16. Source
Launch posture
amber: Solid MTMA-style regime with moderate cost, but no virtual currency definition means FID requires a case-by-case licence-route determination before a crypto exchange can proceed.
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.