Wyoming (WY)
Money transmission and virtual currency licensing planning data for Wyoming.
Population weight (planning): 0.17% · 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
Limited. W.S. 40-22-104(a)(vi) exempts buying, selling, issuing, taking custody of, or transmitting virtual currency from the Wyoming Money Transmitters Act. The fiat on/off ramp is not exempt: receiving money for transmission still meets the definition at 40-22-102(a)(xiii), so a money transmitter licence typically applies to that leg.
Verified 2026-07-16. Source
Fiat treatment
Selling or issuing payment instruments, or receiving money or monetary value for transmission by wire, facsimile, electronic transfer or similar means, is money transmission requiring a licence under W.S. 40-22-103. This covers the fiat side of a convertible virtual currency exchange regardless of the virtual currency exemption.
Verified 2026-07-16. Source
Virtual currency treatment
Virtual currency is expressly carved out of the Act by W.S. 40-22-104(a)(vi), following 2018 House Bill 19: buying, selling, issuing, custody of, or transmitting virtual currency is not licensed activity. Firms such as Coinbase have nonetheless retained a Wyoming money transmitter licence for their fiat operations.
Verified 2026-07-16. Source
Regulator
Wyoming Division of Banking, Office of the State Banking Commissioner, Money Transmitters programme.
Verified 2026-07-16. Source
NMLS / portal
Money Transmitter License via NMLS, confirmed on the Division's own application-forms page.
Verified 2026-07-16. Source
Launch posture
amber: Virtual currency itself is exempt by statute, but the fiat on/off ramp still needs a standard NMLS money transmitter licence with a capped bond and modest.
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.