Money transmitters who only conduct virtual currency activity or transactions

Beginning January 1, 2023, a person who is engaging in activities or transactions for which a license is required under AS 06.55 with activity or transactions in the form of virtual currency, shall submit an application for licensure through the registry. The department considers a person to be engaging in activities for which a license is required under AS 06.55 if the person is conducting money transmission and that activity or transaction is in the form of virtual currency being transmitted to, from, or within the state. A limited licensing agreement, as related to virtual currency activity, entered into with the state shall be void and removed from the registry.