New Jersey (NJ)
Money transmission and virtual currency licensing planning data for New Jersey.
Population weight (planning): 2.77% · 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 Money Transmitters Act definition (receipt of money for transmission, or sale or issuance of payment instruments, for a fee) is applied by the Department of Banking and Insurance to virtual currency exchanges operating a fiat on or off ramp; there is no virtual currency specific carve-out or separate licence.
Verified 2026-07-16. Source
Fiat treatment
Fiat money transmission is the Act's core, unmodified trigger: the sale or issuance of payment instruments, or the receipt of money for transmission within the United States or abroad, for a fee, commission or other benefit.
Verified 2026-07-16. Source · under review
Virtual currency treatment
No express virtual currency provision exists. The Act's general definition of money transmitter, receiving money for transmission or selling payment instruments for a fee, is the sole trigger, and the Department licenses virtual currency exchanges with a fiat leg as ordinary money transmitters under that definition.
Verified 2026-07-16. Source · under review
Regulator
New Jersey Department of Banking and Insurance (DOBI), Division of Banking.
Verified 2026-07-16. Source
NMLS / portal
Money Transmitter licence (NMLS); DOBI also maintains its own paper application package alongside NMLS submission.
Verified 2026-07-16. Source
Launch posture
amber: No in-state office and a flat, modest bond keep entry costs low, but the pending Digital Asset and Blockchain Technology Act and reports of long real-world.
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.