South Carolina (SC)
Money transmission and virtual currency licensing planning data for South Carolina.
Population weight (planning): 1.61% · 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, via the fiat leg. The Money Services Division treats virtual currency alone as outside 'monetary value,' but transactions that also transfer fiat currency are treated as money transmission subject to licensing (S.C. Code Ann. section 35-11-200, 35-11-105(12)).
Verified 2026-07-16. Source
Fiat treatment
Fiat money transmission (payment instruments, stored value, receiving money for transmission) is licensed under the Money Transmitter Licence, S.C. Code Ann. section 35-11-200(A) and 35-11-105(12), administered by the Attorney General's Money Services Division.
Verified 2026-07-16. Source
Virtual currency treatment
Guidance-only exclusion when virtual currency stands alone (viewed as lacking 'monetary value'), but the Division's FAQ and a 5 December 2018 interpretation treat virtual currency transactions that also transfer fiat currency as within the Act. A kiosk-specific order (MSD-19003) addresses ATM-based exchange.
Verified 2026-07-16. Source
Regulator
South Carolina Attorney General's Office, Money Services Division.
Verified 2026-07-16. Source
NMLS / portal
Money Transmitter licence via NMLS; South Carolina's licence and registration requirements are listed on the NMLS State Licensing Resource page (StateID sc-ag).
Verified 2026-07-16. Source
Launch posture
amber: A recently modernised regime with a meaningful bond ceiling.
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.