North Dakota (ND)
Money transmission and virtual currency licensing planning data for North Dakota.
Population weight (planning): 0.23% · 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. A person engaging in virtual currency business activity is, by statute, engaged in the business of money transmission and needs the same licence as any other money transmitter. North Dakota fully adopted the CSBS Money Transmission Modernization Act in 2023, including its optional virtual currency business activity chapter.
Verified 2026-07-16. Source
Fiat treatment
Fiat money transmission is the base activity the chapter regulates: selling or issuing payment instruments to, selling or issuing stored value to, or receiving money or credits for transmission from, a person located in North Dakota.
Verified 2026-07-16. Source
Virtual currency treatment
Folded into the money transmission licence with an added layer. Sections 13-09.1-44 to 13-09.1-54 (enacted by SB 2119, 2023) cover virtual currency business activity specifically: required disclosures, property-interest protections for customer holdings, and, for licensees doing virtual currency business, permission to count proprietary virtual currency toward tangible net worth.
Verified 2026-07-16. Source
NMLS / portal
Money Transmitter licence (NMLS); the chapter refers throughout to filings through the nationwide system.
Verified 2026-07-16. Source
Launch posture
amber: Costs sit at the low end of the batch, but the full virtual currency business activity chapter adds disclosure, property-segregation and record-keeping duties a fiat-only money.
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.