CAPITAL REQUIREMENTS

Nebraska Administrative Code

Section: 47-3-002

Jurisdiction: NE

Bluebook Citation: 47 Neb. Admin. Code, ch. 3, § 002

002 CAPITAL REQUIREMENTS. 002.01 No digital asset depository may be chartered with capital stock of less than ten million dollars ($10,000,000.00). 002.02 The Director shall have the discretion to increase the required amount of capital, as may be required to ensure the digital asset depository’s continued safety and soundness. In making the determination to require an increase or allow a decrease under this Section, the Director may consider the depository’s call reports, examinations, investigations, or any other indicia of financial condition that may provide information as to the depository’s ongoing safety and soundness.

Chat with this regulation using AI

Ask CiteLaw's AI Navigator anything about this regulation, verify citations, and research related authorities. Sign up for CiteLaw free today to get started.