{
 "version": "tokenization_state_rules_v1",
 "generated": "2026-11-04",
 "disclaimer": "Informational only, not legal advice. Each cell shows its own source and checked date; \"unverified\" means we have not confirmed it on an official page yet. Tokenized NMS stocks sold through SEC-registered broker-dealers are federally covered securities; state rules mostly differ for crypto settlement legs, custody charters and non-covered offerings.",
 "states": [
  {
   "state": "AL",
   "name": "Alabama",
   "securities_regulator": {
    "name": "Alabama Securities Commission",
    "url": "https://asc.alabama.gov/",
    "status": "verified",
    "checked": "2026-11-04"
   },
   "charters": [
    {
     "name": null,
     "status": "unverified",
     "note": "Not yet checked on an official page."
    }
   ],
   "license_law": {
    "status": "unverified",
    "note": "Money transmitter / digital-asset license law not yet confirmed on an official page."
   },
   "notes": []
  },
  {
   "state": "AK",
   "name": "Alaska",
   "securities_regulator": {
    "name": null,
    "url": "https://www.nasaa.org/contact-your-regulator/",
    "status": "unverified",
    "checked": "2026-11-04",
    "note": "Not yet confirmed on the regulator's own site; use the NASAA directory."
   },
   "charters": [
    {
     "name": null,
     "status": "unverified",
     "note": "Not yet checked on an official page."
    }
   ],
   "license_law": {
    "status": "unverified",
    "note": "Money transmitter / digital-asset license law not yet confirmed on an official page."
   },
   "notes": []
  },
  {
   "state": "AZ",
   "name": "Arizona",
   "securities_regulator": {
    "name": "Arizona Corporation Commission, Securities Division",
    "url": "https://www.azcc.gov/securities",
    "status": "verified",
    "checked": "2026-11-04"
   },
   "charters": [
    {
     "name": null,
     "status": "unverified",
     "note": "Not yet checked on an official page."
    }
   ],
   "license_law": {
    "status": "unverified",
    "note": "Money transmitter / digital-asset license law not yet confirmed on an official page."
   },
   "notes": []
  },
  {
   "state": "AR",
   "name": "Arkansas",
   "securities_regulator": {
    "name": "Arkansas Securities Department",
    "url": "https://securities.arkansas.gov/",
    "status": "verified",
    "checked": "2026-11-04"
   },
   "charters": [
    {
     "name": null,
     "status": "unverified",
     "note": "Not yet checked on an official page."
    }
   ],
   "license_law": {
    "status": "unverified",
    "note": "Money transmitter / digital-asset license law not yet confirmed on an official page."
   },
   "notes": []
  },
  {
   "state": "CA",
   "name": "California",
   "securities_regulator": {
    "name": "California Department of Financial Protection and Innovation (DFPI)",
    "url": "https://dfpi.ca.gov/",
    "status": "verified",
    "checked": "2026-11-04"
   },
   "charters": [
    {
     "name": null,
     "status": "unverified",
     "note": "Not yet checked on an official page."
    }
   ],
   "license_law": {
    "law": "Digital Financial Assets Law (AB 39 / SB 401, 2023; deadline extended by AB 1934 to July 1, 2026)",
    "regulator": "California Department of Financial Protection and Innovation (DFPI)",
    "url": "https://dfpi.ca.gov/regulated-industries/digital-financial-assets/",
    "summary": "Digital Financial Assets Law (DFAL): since July 1, 2026, covered crypto businesses serving Californians must hold a DFAL license or have submitted a completed DFAL application.",
    "status": "verified",
    "checked": "2026-11-02"
   },
   "notes": [
    "DFAL licensing in force July 1, 2026 (DFPI)."
   ]
  },
  {
   "state": "CO",
   "name": "Colorado",
   "securities_regulator": {
    "name": "Colorado Division of Securities",
    "url": "https://securities.colorado.gov/",
    "status": "verified",
    "checked": "2026-11-04"
   },
   "charters": [
    {
     "name": null,
     "status": "unverified",
     "note": "Not yet checked on an official page."
    }
   ],
   "license_law": {
    "status": "unverified",
    "note": "Money transmitter / digital-asset license law not yet confirmed on an official page."
   },
   "notes": []
  },
  {
   "state": "CT",
   "name": "Connecticut",
   "securities_regulator": {
    "name": null,
    "url": "https://www.nasaa.org/contact-your-regulator/",
    "status": "unverified",
    "checked": "2026-11-04",
    "note": "Not yet confirmed on the regulator's own site; use the NASAA directory."
   },
   "charters": [
    {
     "name": null,
     "status": "unverified",
     "note": "Not yet checked on an official page."
    }
   ],
   "license_law": {
    "status": "unverified",
    "note": "Money transmitter / digital-asset license law not yet confirmed on an official page."
   },
   "notes": []
  },
  {
   "state": "DE",
   "name": "Delaware",
   "securities_regulator": {
    "name": "Delaware Department of Justice, Investor Protection Unit",
    "url": "https://attorneygeneral.delaware.gov/fraud/ipu/",
    "status": "verified",
    "checked": "2026-11-04"
   },
   "charters": [
    {
     "name": null,
     "status": "unverified",
     "note": "Not yet checked on an official page."
    }
   ],
   "license_law": {
    "status": "unverified",
    "note": "Money transmitter / digital-asset license law not yet confirmed on an official page."
   },
   "notes": []
  },
  {
   "state": "DC",
   "name": "District of Columbia",
   "securities_regulator": {
    "name": null,
    "url": "https://www.nasaa.org/contact-your-regulator/",
    "status": "unverified",
    "checked": "2026-11-04",
    "note": "Not yet confirmed on the regulator's own site; use the NASAA directory."
   },
   "charters": [
    {
     "name": null,
     "status": "unverified",
     "note": "Not yet checked on an official page."
    }
   ],
   "license_law": {
    "status": "unverified",
    "note": "Money transmitter / digital-asset license law not yet confirmed on an official page."
   },
   "notes": []
  },
  {
   "state": "FL",
   "name": "Florida",
   "securities_regulator": {
    "name": null,
    "url": "https://www.nasaa.org/contact-your-regulator/",
    "status": "unverified",
    "checked": "2026-11-04",
    "note": "Not yet confirmed on the regulator's own site; use the NASAA directory."
   },
   "charters": [
    {
     "name": null,
     "status": "unverified",
     "note": "Not yet checked on an official page."
    }
   ],
   "license_law": {
    "law": "Chapter 560, Florida Statutes (Money Services Businesses): s. 560.103 definitions incl. 'virtual currency' and 'money transmitter'; s. 560.125 unlicensed activity",
    "regulator": "Florida Office of Financial Regulation (OFR)",
    "url": "https://flofr.gov/",
    "summary": "Florida licenses money services businesses under Chapter 560, Florida Statutes. Its definition of money transmitter covers receiving virtual currency to transmit it, and a person may not run a money services business in Florida unless licensed or exempt.",
    "status": "verified",
    "checked": "2026-11-04"
   },
   "notes": []
  },
  {
   "state": "GA",
   "name": "Georgia",
   "securities_regulator": {
    "name": null,
    "url": "https://www.nasaa.org/contact-your-regulator/",
    "status": "unverified",
    "checked": "2026-11-04",
    "note": "Not yet confirmed on the regulator's own site; use the NASAA directory."
   },
   "charters": [
    {
     "name": null,
     "status": "unverified",
     "note": "Not yet checked on an official page."
    }
   ],
   "license_law": {
    "law": "O.C.G.A. \u00a7 7-1-680 to 7-1-698 (sellers of payment instruments and money transmitters); exemptions in \u00a7 7-1-682",
    "regulator": "Georgia Department of Banking and Finance (DBF)",
    "url": "https://dbf.georgia.gov/money-transmission",
    "summary": "Georgia licenses money transmitters through the Department of Banking and Finance (O.C.G.A. \u00a7 7-1-680 to 7-1-698). The Department says the law's definitions include some forms of virtual currency transactions and that transmitting virtual currency is money transmission, so many crypto services, including most crypto kiosk operators, need a Georgia license. Licensing runs through NMLS.",
    "status": "verified",
    "checked": "2026-11-03"
   },
   "notes": []
  },
  {
   "state": "HI",
   "name": "Hawaii",
   "securities_regulator": {
    "name": "Hawaii Business Registration Division, Securities Enforcement Branch",
    "url": "https://cca.hawaii.gov/sec/",
    "status": "verified",
    "checked": "2026-11-04"
   },
   "charters": [
    {
     "name": null,
     "status": "unverified",
     "note": "Not yet checked on an official page."
    }
   ],
   "license_law": {
    "status": "unverified",
    "note": "Money transmitter / digital-asset license law not yet confirmed on an official page."
   },
   "notes": []
  },
  {
   "state": "ID",
   "name": "Idaho",
   "securities_regulator": {
    "name": null,
    "url": "https://www.nasaa.org/contact-your-regulator/",
    "status": "unverified",
    "checked": "2026-11-04",
    "note": "Not yet confirmed on the regulator's own site; use the NASAA directory."
   },
   "charters": [
    {
     "name": null,
     "status": "unverified",
     "note": "Not yet checked on an official page."
    }
   ],
   "license_law": {
    "status": "unverified",
    "note": "Money transmitter / digital-asset license law not yet confirmed on an official page."
   },
   "notes": []
  },
  {
   "state": "IL",
   "name": "Illinois",
   "securities_regulator": {
    "name": null,
    "url": "https://www.nasaa.org/contact-your-regulator/",
    "status": "unverified",
    "checked": "2026-11-04",
    "note": "Not yet confirmed on the regulator's own site; use the NASAA directory."
   },
   "charters": [
    {
     "name": null,
     "status": "unverified",
     "note": "Not yet checked on an official page."
    }
   ],
   "license_law": {
    "law": "Money Transmission Modernization Act (205 ILCS 658); Digital Assets and Consumer Protection Act (205 ILCS 731, P.A. 104-0428)",
    "regulator": "Illinois Department of Financial and Professional Regulation (IDFPR), Division of Financial Institutions",
    "url": "https://idfpr.illinois.gov/dfi.html",
    "summary": "Money transmitters are licensed by IDFPR under the Money Transmission Modernization Act (205 ILCS 658). Illinois also passed the Digital Assets and Consumer Protection Act (205 ILCS 731, signed Aug 18, 2025), which requires digital asset businesses to register with IDFPR; IDFPR says they have until July 1, 2027 to register.",
    "status": "verified",
    "checked": "2026-11-03"
   },
   "notes": []
  },
  {
   "state": "IN",
   "name": "Indiana",
   "securities_regulator": {
    "name": "Indiana Secretary of State, Securities Division",
    "url": "https://securities.sos.in.gov/",
    "status": "verified",
    "checked": "2026-11-04"
   },
   "charters": [
    {
     "name": null,
     "status": "unverified",
     "note": "Not yet checked on an official page."
    }
   ],
   "license_law": {
    "status": "unverified",
    "note": "Money transmitter / digital-asset license law not yet confirmed on an official page."
   },
   "notes": []
  },
  {
   "state": "IA",
   "name": "Iowa",
   "securities_regulator": {
    "name": null,
    "url": "https://www.nasaa.org/contact-your-regulator/",
    "status": "unverified",
    "checked": "2026-11-04",
    "note": "Not yet confirmed on the regulator's own site; use the NASAA directory."
   },
   "charters": [
    {
     "name": null,
     "status": "unverified",
     "note": "Not yet checked on an official page."
    }
   ],
   "license_law": {
    "status": "unverified",
    "note": "Money transmitter / digital-asset license law not yet confirmed on an official page."
   },
   "notes": []
  },
  {
   "state": "KS",
   "name": "Kansas",
   "securities_regulator": {
    "name": null,
    "url": "https://www.nasaa.org/contact-your-regulator/",
    "status": "unverified",
    "checked": "2026-11-04",
    "note": "Not yet confirmed on the regulator's own site; use the NASAA directory."
   },
   "charters": [
    {
     "name": null,
     "status": "unverified",
     "note": "Not yet checked on an official page."
    }
   ],
   "license_law": {
    "status": "unverified",
    "note": "Money transmitter / digital-asset license law not yet confirmed on an official page."
   },
   "notes": []
  },
  {
   "state": "KY",
   "name": "Kentucky",
   "securities_regulator": {
    "name": null,
    "url": "https://www.nasaa.org/contact-your-regulator/",
    "status": "unverified",
    "checked": "2026-11-04",
    "note": "Not yet confirmed on the regulator's own site; use the NASAA directory."
   },
   "charters": [
    {
     "name": null,
     "status": "unverified",
     "note": "Not yet checked on an official page."
    }
   ],
   "license_law": {
    "status": "unverified",
    "note": "Money transmitter / digital-asset license law not yet confirmed on an official page."
   },
   "notes": []
  },
  {
   "state": "LA",
   "name": "Louisiana",
   "securities_regulator": {
    "name": null,
    "url": "https://www.nasaa.org/contact-your-regulator/",
    "status": "unverified",
    "checked": "2026-11-04",
    "note": "Not yet confirmed on the regulator's own site; use the NASAA directory."
   },
   "charters": [
    {
     "name": null,
     "status": "unverified",
     "note": "Not yet checked on an official page."
    }
   ],
   "license_law": {
    "status": "unverified",
    "note": "Money transmitter / digital-asset license law not yet confirmed on an official page."
   },
   "notes": []
  },
  {
   "state": "ME",
   "name": "Maine",
   "securities_regulator": {
    "name": null,
    "url": "https://www.nasaa.org/contact-your-regulator/",
    "status": "unverified",
    "checked": "2026-11-04",
    "note": "Not yet confirmed on the regulator's own site; use the NASAA directory."
   },
   "charters": [
    {
     "name": null,
     "status": "unverified",
     "note": "Not yet checked on an official page."
    }
   ],
   "license_law": {
    "status": "unverified",
    "note": "Money transmitter / digital-asset license law not yet confirmed on an official page."
   },
   "notes": []
  },
  {
   "state": "MD",
   "name": "Maryland",
   "securities_regulator": {
    "name": null,
    "url": "https://www.nasaa.org/contact-your-regulator/",
    "status": "unverified",
    "checked": "2026-11-04",
    "note": "Not yet confirmed on the regulator's own site; use the NASAA directory."
   },
   "charters": [
    {
     "name": null,
     "status": "unverified",
     "note": "Not yet checked on an official page."
    }
   ],
   "license_law": {
    "status": "unverified",
    "note": "Money transmitter / digital-asset license law not yet confirmed on an official page."
   },
   "notes": []
  },
  {
   "state": "MA",
   "name": "Massachusetts",
   "securities_regulator": {
    "name": null,
    "url": "https://www.nasaa.org/contact-your-regulator/",
    "status": "unverified",
    "checked": "2026-11-04",
    "note": "Not yet confirmed on the regulator's own site; use the NASAA directory."
   },
   "charters": [
    {
     "name": null,
     "status": "unverified",
     "note": "Not yet checked on an official page."
    }
   ],
   "license_law": {
    "law": "unknown (not confirmed from the regulator today)",
    "regulator": "Massachusetts Division of Banks",
    "url": "https://www.mass.gov/orgs/division-of-banks",
    "summary": "Money service businesses are supervised by the Massachusetts Division of Banks.",
    "status": "verified",
    "checked": "2026-10-30"
   },
   "notes": []
  },
  {
   "state": "MI",
   "name": "Michigan",
   "securities_regulator": {
    "name": "Michigan LARA, Corporations, Securities & Commercial Licensing Bureau",
    "url": "https://www.michigan.gov/lara/bureau-list/cscl/securities",
    "status": "verified",
    "checked": "2026-11-04"
   },
   "charters": [
    {
     "name": null,
     "status": "unverified",
     "note": "Not yet checked on an official page."
    }
   ],
   "license_law": {
    "law": "Money Transmission Services Act, 2006 PA 250, MCL 487.1001 et seq. (definitions in MCL 487.1003)",
    "regulator": "Michigan Department of Insurance and Financial Services (DIFS)",
    "url": "https://www.michigan.gov/difs",
    "summary": "Michigan licenses money transmitters under the Money Transmission Services Act. The Act covers receiving \"money or monetary value\" for transmission but does not mention virtual currency, and the state regulator has not said in the sources we read whether crypto itself is covered.",
    "status": "verified",
    "checked": "2026-11-04"
   },
   "notes": []
  },
  {
   "state": "MN",
   "name": "Minnesota",
   "securities_regulator": {
    "name": null,
    "url": "https://www.nasaa.org/contact-your-regulator/",
    "status": "unverified",
    "checked": "2026-11-04",
    "note": "Not yet confirmed on the regulator's own site; use the NASAA directory."
   },
   "charters": [
    {
     "name": null,
     "status": "unverified",
     "note": "Not yet checked on an official page."
    }
   ],
   "license_law": {
    "status": "unverified",
    "note": "Money transmitter / digital-asset license law not yet confirmed on an official page."
   },
   "notes": []
  },
  {
   "state": "MS",
   "name": "Mississippi",
   "securities_regulator": {
    "name": "Mississippi Secretary of State, Securities Division",
    "url": "https://www.sos.ms.gov/securities",
    "status": "verified",
    "checked": "2026-11-04"
   },
   "charters": [
    {
     "name": null,
     "status": "unverified",
     "note": "Not yet checked on an official page."
    }
   ],
   "license_law": {
    "status": "unverified",
    "note": "Money transmitter / digital-asset license law not yet confirmed on an official page."
   },
   "notes": []
  },
  {
   "state": "MO",
   "name": "Missouri",
   "securities_regulator": {
    "name": null,
    "url": "https://www.nasaa.org/contact-your-regulator/",
    "status": "unverified",
    "checked": "2026-11-04",
    "note": "Not yet confirmed on the regulator's own site; use the NASAA directory."
   },
   "charters": [
    {
     "name": null,
     "status": "unverified",
     "note": "Not yet checked on an official page."
    }
   ],
   "license_law": {
    "status": "unverified",
    "note": "Money transmitter / digital-asset license law not yet confirmed on an official page."
   },
   "notes": []
  },
  {
   "state": "MT",
   "name": "Montana",
   "securities_regulator": {
    "name": "Montana Commissioner of Securities and Insurance",
    "url": "https://csimt.gov/",
    "status": "verified",
    "checked": "2026-11-04"
   },
   "charters": [
    {
     "name": null,
     "status": "unverified",
     "note": "Not yet checked on an official page."
    }
   ],
   "license_law": {
    "status": "unverified",
    "note": "Money transmitter / digital-asset license law not yet confirmed on an official page."
   },
   "notes": []
  },
  {
   "state": "NE",
   "name": "Nebraska",
   "securities_regulator": {
    "name": null,
    "url": "https://www.nasaa.org/contact-your-regulator/",
    "status": "unverified",
    "checked": "2026-11-04",
    "note": "Not yet confirmed on the regulator's own site; use the NASAA directory."
   },
   "charters": [
    {
     "name": null,
     "status": "unverified",
     "note": "Not yet checked on an official page."
    }
   ],
   "license_law": {
    "status": "unverified",
    "note": "Money transmitter / digital-asset license law not yet confirmed on an official page."
   },
   "notes": []
  },
  {
   "state": "NV",
   "name": "Nevada",
   "securities_regulator": {
    "name": null,
    "url": "https://www.nasaa.org/contact-your-regulator/",
    "status": "unverified",
    "checked": "2026-11-04",
    "note": "Not yet confirmed on the regulator's own site; use the NASAA directory."
   },
   "charters": [
    {
     "name": null,
     "status": "unverified",
     "note": "Not yet checked on an official page."
    }
   ],
   "license_law": {
    "status": "unverified",
    "note": "Money transmitter / digital-asset license law not yet confirmed on an official page."
   },
   "notes": []
  },
  {
   "state": "NH",
   "name": "New Hampshire",
   "securities_regulator": {
    "name": null,
    "url": "https://www.nasaa.org/contact-your-regulator/",
    "status": "unverified",
    "checked": "2026-11-04",
    "note": "Not yet confirmed on the regulator's own site; use the NASAA directory."
   },
   "charters": [
    {
     "name": null,
     "status": "unverified",
     "note": "Not yet checked on an official page."
    }
   ],
   "license_law": {
    "status": "unverified",
    "note": "Money transmitter / digital-asset license law not yet confirmed on an official page."
   },
   "notes": []
  },
  {
   "state": "NJ",
   "name": "New Jersey",
   "securities_regulator": {
    "name": null,
    "url": "https://www.nasaa.org/contact-your-regulator/",
    "status": "unverified",
    "checked": "2026-11-04",
    "note": "Not yet confirmed on the regulator's own site; use the NASAA directory."
   },
   "charters": [
    {
     "name": null,
     "status": "unverified",
     "note": "Not yet checked on an official page."
    }
   ],
   "license_law": {
    "law": "New Jersey Money Transmitters Act, N.J.S.A. 17:15C-1 et seq.",
    "regulator": "New Jersey Department of Banking and Insurance (DOBI)",
    "url": "https://www.nj.gov/dobi/",
    "summary": "New Jersey licenses money transmitters under the New Jersey Money Transmitters Act, run by the Department of Banking and Insurance (DOBI). DOBI's license page does not mention virtual currency, and New Jersey has not enacted a separate crypto license.",
    "status": "verified",
    "checked": "2026-11-04"
   },
   "notes": []
  },
  {
   "state": "NM",
   "name": "New Mexico",
   "securities_regulator": {
    "name": "New Mexico Regulation and Licensing Department, Securities Division",
    "url": "https://www.rld.nm.gov/securities-division/",
    "status": "verified",
    "checked": "2026-11-04"
   },
   "charters": [
    {
     "name": null,
     "status": "unverified",
     "note": "Not yet checked on an official page."
    }
   ],
   "license_law": {
    "status": "unverified",
    "note": "Money transmitter / digital-asset license law not yet confirmed on an official page."
   },
   "notes": []
  },
  {
   "state": "NY",
   "name": "New York",
   "securities_regulator": {
    "name": null,
    "url": "https://www.nasaa.org/contact-your-regulator/",
    "status": "unverified",
    "checked": "2026-11-04",
    "note": "Not yet confirmed on the regulator's own site; use the NASAA directory."
   },
   "charters": [
    {
     "name": "NY limited purpose trust company charter (can custody as fiduciary; may do virtual currency business with Superintendent approval), NYDFS",
     "url": "https://www.dfs.ny.gov/virtual_currency_businesses",
     "status": "verified",
     "checked": "2026-11-04"
    }
   ],
   "license_law": {
    "law": "23 NYCRR Part 200 (BitLicense); NY Banking Law Article 13-B (money transmission)",
    "regulator": "New York State Department of Financial Services (DFS)",
    "url": "https://www.dfs.ny.gov/virtual_currency_businesses",
    "summary": "BitLicense: virtual currency business activity involving New York or New York residents needs a DFS BitLicense (or a DFS trust charter); moving dollars also needs a money transmitter license.",
    "status": "verified",
    "checked": "2026-10-30"
   },
   "notes": [
    "BitLicense (23 NYCRR Part 200) covers virtual currency business activity involving New York residents; fiat transmission needs a separate money transmitter license unless chartered as a limited purpose trust (NYDFS, checked 2026-11-04)."
   ]
  },
  {
   "state": "NC",
   "name": "North Carolina",
   "securities_regulator": {
    "name": "North Carolina Secretary of State, Securities Division",
    "url": "https://www.sosnc.gov/divisions/securities",
    "status": "verified",
    "checked": "2026-11-04"
   },
   "charters": [
    {
     "name": null,
     "status": "unverified",
     "note": "Not yet checked on an official page."
    }
   ],
   "license_law": {
    "law": "North Carolina Money Transmitters Act, G.S. Chapter 53, Article 16B (G.S. 53-208.42(13) and (20); 53-208.43)",
    "regulator": "North Carolina Office of the Commissioner of Banks (NCCOB)",
    "url": "https://nccob.nc.gov/financial-institutions/money-transmitters/money-transmitter-frequently-asked-questions",
    "summary": "North Carolina's Money Transmitters Act requires a license from the Commissioner of Banks. The Act's definition of money transmission includes maintaining control of virtual currency on behalf of others, and offering money transmission to North Carolina residents through a website counts as doing business in the state.",
    "status": "verified",
    "checked": "2026-11-03"
   },
   "notes": []
  },
  {
   "state": "ND",
   "name": "North Dakota",
   "securities_regulator": {
    "name": null,
    "url": "https://www.nasaa.org/contact-your-regulator/",
    "status": "unverified",
    "checked": "2026-11-04",
    "note": "Not yet confirmed on the regulator's own site; use the NASAA directory."
   },
   "charters": [
    {
     "name": null,
     "status": "unverified",
     "note": "Not yet checked on an official page."
    }
   ],
   "license_law": {
    "status": "unverified",
    "note": "Money transmitter / digital-asset license law not yet confirmed on an official page."
   },
   "notes": []
  },
  {
   "state": "OH",
   "name": "Ohio",
   "securities_regulator": {
    "name": null,
    "url": "https://www.nasaa.org/contact-your-regulator/",
    "status": "unverified",
    "checked": "2026-11-04",
    "note": "Not yet confirmed on the regulator's own site; use the NASAA directory."
   },
   "charters": [
    {
     "name": null,
     "status": "unverified",
     "note": "Not yet checked on an official page."
    }
   ],
   "license_law": {
    "law": "Ohio Money Transmitters Act, R.C. 1315.01(G) and 1315.02; DFI Interpretive Guidance 2022-01",
    "regulator": "Ohio Department of Commerce, Division of Financial Institutions (DFI)",
    "url": "https://com.ohio.gov/divisions-and-programs/financial-institutions/money-transmitters/guides-and-resources/list-of-licensed-money-transmitters",
    "summary": "Ohio's Money Transmitters Act requires a license to transmit money or its equivalent. The Division of Financial Institutions treats cryptocurrency as money or its equivalent, so most exchanges, hosted wallets and crypto kiosks need an Ohio money transmitter license.",
    "status": "verified",
    "checked": "2026-11-02"
   },
   "notes": []
  },
  {
   "state": "OK",
   "name": "Oklahoma",
   "securities_regulator": {
    "name": null,
    "url": "https://www.nasaa.org/contact-your-regulator/",
    "status": "unverified",
    "checked": "2026-11-04",
    "note": "Not yet confirmed on the regulator's own site; use the NASAA directory."
   },
   "charters": [
    {
     "name": null,
     "status": "unverified",
     "note": "Not yet checked on an official page."
    }
   ],
   "license_law": {
    "status": "unverified",
    "note": "Money transmitter / digital-asset license law not yet confirmed on an official page."
   },
   "notes": []
  },
  {
   "state": "OR",
   "name": "Oregon",
   "securities_regulator": {
    "name": null,
    "url": "https://www.nasaa.org/contact-your-regulator/",
    "status": "unverified",
    "checked": "2026-11-04",
    "note": "Not yet confirmed on the regulator's own site; use the NASAA directory."
   },
   "charters": [
    {
     "name": null,
     "status": "unverified",
     "note": "Not yet checked on an official page."
    }
   ],
   "license_law": {
    "status": "unverified",
    "note": "Money transmitter / digital-asset license law not yet confirmed on an official page."
   },
   "notes": []
  },
  {
   "state": "PA",
   "name": "Pennsylvania",
   "securities_regulator": {
    "name": "Pennsylvania Department of Banking and Securities",
    "url": "https://www.pa.gov/agencies/dobs",
    "status": "verified",
    "checked": "2026-11-04"
   },
   "charters": [
    {
     "name": null,
     "status": "unverified",
     "note": "Not yet checked on an official page."
    }
   ],
   "license_law": {
    "law": "Money Transmission and Virtual Currency Transmission Business Licensing Law, section 2 (7 P.S. \u00a7 6102), as amended by Act 7 of 2025 (SB 202)",
    "regulator": "Pennsylvania Department of Banking and Securities (DoBS)",
    "url": "https://www.pa.gov/agencies/dobs.html",
    "summary": "Act 7 of 2025 (signed June 27, 2025) added virtual currency to Pennsylvania's money transmission licensing law: transmitting virtual currency for a fee on behalf of an individual now needs a license from the Department of Banking and Securities.",
    "status": "verified",
    "checked": "2026-11-02"
   },
   "notes": []
  },
  {
   "state": "RI",
   "name": "Rhode Island",
   "securities_regulator": {
    "name": "Rhode Island Department of Business Regulation, Securities Division",
    "url": "https://dbr.ri.gov/banking-securities-and-charitable-organizations/securities-and-charities",
    "status": "verified",
    "checked": "2026-11-04"
   },
   "charters": [
    {
     "name": null,
     "status": "unverified",
     "note": "Not yet checked on an official page."
    }
   ],
   "license_law": {
    "status": "unverified",
    "note": "Money transmitter / digital-asset license law not yet confirmed on an official page."
   },
   "notes": []
  },
  {
   "state": "SC",
   "name": "South Carolina",
   "securities_regulator": {
    "name": null,
    "url": "https://www.nasaa.org/contact-your-regulator/",
    "status": "unverified",
    "checked": "2026-11-04",
    "note": "Not yet confirmed on the regulator's own site; use the NASAA directory."
   },
   "charters": [
    {
     "name": null,
     "status": "unverified",
     "note": "Not yet checked on an official page."
    }
   ],
   "license_law": {
    "status": "unverified",
    "note": "Money transmitter / digital-asset license law not yet confirmed on an official page."
   },
   "notes": []
  },
  {
   "state": "SD",
   "name": "South Dakota",
   "securities_regulator": {
    "name": "South Dakota Division of Insurance and Securities Regulation",
    "url": "https://dlr.sd.gov/securities/",
    "status": "verified",
    "checked": "2026-11-04"
   },
   "charters": [
    {
     "name": null,
     "status": "unverified",
     "note": "Not yet checked on an official page."
    }
   ],
   "license_law": {
    "status": "unverified",
    "note": "Money transmitter / digital-asset license law not yet confirmed on an official page."
   },
   "notes": []
  },
  {
   "state": "TN",
   "name": "Tennessee",
   "securities_regulator": {
    "name": null,
    "url": "https://www.nasaa.org/contact-your-regulator/",
    "status": "unverified",
    "checked": "2026-11-04",
    "note": "Not yet confirmed on the regulator's own site; use the NASAA directory."
   },
   "charters": [
    {
     "name": null,
     "status": "unverified",
     "note": "Not yet checked on an official page."
    }
   ],
   "license_law": {
    "status": "unverified",
    "note": "Money transmitter / digital-asset license law not yet confirmed on an official page."
   },
   "notes": []
  },
  {
   "state": "TX",
   "name": "Texas",
   "securities_regulator": {
    "name": "Texas State Securities Board",
    "url": "https://www.ssb.texas.gov/",
    "status": "verified",
    "checked": "2026-11-04"
   },
   "charters": [
    {
     "name": null,
     "status": "unverified",
     "note": "Not yet checked on an official page."
    }
   ],
   "license_law": {
    "law": "Texas Finance Code Chapter 152; Texas DOB Supervisory Memorandum 1037 (revised Jan 28, 2025)",
    "regulator": "Texas Department of Banking",
    "url": "https://www.dob.texas.gov/money-services-businesses",
    "summary": "Money services businesses are licensed by the Texas Department of Banking under Finance Code Chapter 152. The Department's Supervisory Memorandum 1037 says non-stablecoin virtual currency (like Bitcoin) is not money under the Act, so dealing only in it is not money transmission, while transactions that involve US dollars or other sovereign currency, or qualifying stablecoins, can require a money transmission license.",
    "status": "verified",
    "checked": "2026-11-03"
   },
   "notes": []
  },
  {
   "state": "UT",
   "name": "Utah",
   "securities_regulator": {
    "name": "Utah Division of Securities",
    "url": "https://commerce.utah.gov/securities/",
    "status": "verified",
    "checked": "2026-11-04"
   },
   "charters": [
    {
     "name": null,
     "status": "unverified",
     "note": "Not yet checked on an official page."
    }
   ],
   "license_law": {
    "status": "unverified",
    "note": "Money transmitter / digital-asset license law not yet confirmed on an official page."
   },
   "notes": []
  },
  {
   "state": "VT",
   "name": "Vermont",
   "securities_regulator": {
    "name": "Vermont Department of Financial Regulation, Securities Division",
    "url": "https://dfr.vermont.gov/securities",
    "status": "verified",
    "checked": "2026-11-04"
   },
   "charters": [
    {
     "name": null,
     "status": "unverified",
     "note": "Not yet checked on an official page."
    }
   ],
   "license_law": {
    "status": "unverified",
    "note": "Money transmitter / digital-asset license law not yet confirmed on an official page."
   },
   "notes": []
  },
  {
   "state": "VA",
   "name": "Virginia",
   "securities_regulator": {
    "name": null,
    "url": "https://www.nasaa.org/contact-your-regulator/",
    "status": "unverified",
    "checked": "2026-11-04",
    "note": "Not yet confirmed on the regulator's own site; use the NASAA directory."
   },
   "charters": [
    {
     "name": null,
     "status": "unverified",
     "note": "Not yet checked on an official page."
    }
   ],
   "license_law": {
    "status": "unverified",
    "note": "Money transmitter / digital-asset license law not yet confirmed on an official page."
   },
   "notes": []
  },
  {
   "state": "WA",
   "name": "Washington",
   "securities_regulator": {
    "name": "Washington Department of Financial Institutions, Securities Division",
    "url": "https://dfi.wa.gov/securities",
    "status": "verified",
    "checked": "2026-11-04"
   },
   "charters": [
    {
     "name": null,
     "status": "unverified",
     "note": "Not yet checked on an official page."
    }
   ],
   "license_law": {
    "status": "unverified",
    "note": "Money transmitter / digital-asset license law not yet confirmed on an official page."
   },
   "notes": []
  },
  {
   "state": "WV",
   "name": "West Virginia",
   "securities_regulator": {
    "name": null,
    "url": "https://www.nasaa.org/contact-your-regulator/",
    "status": "unverified",
    "checked": "2026-11-04",
    "note": "Not yet confirmed on the regulator's own site; use the NASAA directory."
   },
   "charters": [
    {
     "name": null,
     "status": "unverified",
     "note": "Not yet checked on an official page."
    }
   ],
   "license_law": {
    "status": "unverified",
    "note": "Money transmitter / digital-asset license law not yet confirmed on an official page."
   },
   "notes": []
  },
  {
   "state": "WI",
   "name": "Wisconsin",
   "securities_regulator": {
    "name": null,
    "url": "https://www.nasaa.org/contact-your-regulator/",
    "status": "unverified",
    "checked": "2026-11-04",
    "note": "Not yet confirmed on the regulator's own site; use the NASAA directory."
   },
   "charters": [
    {
     "name": null,
     "status": "unverified",
     "note": "Not yet checked on an official page."
    }
   ],
   "license_law": {
    "status": "unverified",
    "note": "Money transmitter / digital-asset license law not yet confirmed on an official page."
   },
   "notes": []
  },
  {
   "state": "WY",
   "name": "Wyoming",
   "securities_regulator": {
    "name": null,
    "url": "https://www.nasaa.org/contact-your-regulator/",
    "status": "unverified",
    "checked": "2026-11-04",
    "note": "Not yet confirmed on the regulator's own site; use the NASAA directory."
   },
   "charters": [
    {
     "name": "Special Purpose Depository Institution (SPDI) charter, Wyoming Division of Banking",
     "url": "https://wyomingbankingdivision.wyo.gov/banks-and-trust-companies/special-purpose-depository-institutions",
     "status": "verified",
     "checked": "2026-11-04"
    }
   ],
   "license_law": {
    "status": "unverified",
    "note": "Money transmitter / digital-asset license law not yet confirmed on an official page."
   },
   "notes": []
  }
 ]
}