Ohio (OH)
Money transmission and virtual currency licensing planning data for Ohio.
Population weight (planning): 3.45% · 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. Ohio Revised Code 1315.01(G) defines transmit money broadly, to receive money or its equivalent and deliver, pay or make it accessible, and the Division of Financial Institutions' own guidance states virtual currencies such as bitcoin are treated as money or its equivalent, so a fiat-ramped CVC exchange is money transmission.
Verified 2026-07-16. Source
Fiat treatment
Fiat money transmission is the statute's unmodified base case: receiving money or its equivalent from a person and delivering, paying or making it accessible to the same or another person, at the same or another time or place, requires a licence under R.C. 1315.02.
Verified 2026-07-16. Source
Virtual currency treatment
Guidance-based rather than a separate statutory definition. Chapter 1315 nowhere defines virtual currency; the Division's Interpretive Guidance 2022-01 and its money transmitter guidance page instead confirm that holding, controlling, exchanging or intermediating virtual currency fits the existing transmit money definition and is licensed exactly like fiat money transmission.
Verified 2026-07-16. Source
Regulator
Ohio Division of Financial Institutions, Department of Commerce.
Verified 2026-07-16. Source
NMLS / portal
Money Transmitter licence (NMLS); the Division accepts all applications through NMLS.
Verified 2026-07-16. Source
Launch posture
amber: Crypto is clearly in scope through regulator guidance and the bond and net worth figures are moderate, but both the application fee and the ongoing annual.
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.