Money Transmitter Licensing Requirements State License Type State Fee Net Worth Surety Bond Audited Financials? Physical Office? Experience Branch Licensing? Renewal Period Alabama Money Transmitter 500 5,000 10,000 Yes No Yes     Alaska Money Transmitter 500 TBD 25,000 Yes No Yes     Arizona Money Transmitter 1,500 TBD 25,000 Yes No Yes     Arkansas Money Transmitter 2,250 TBD 50,000 Yes No Yes     California Money Transmitter 5,000 TBD 250,000 Yes No Yes     Colorado Money Transmitter 7,500 TBD 1,000,000 Yes No Yes     Connecticut Money Transmitter 1,875 TBD 300,000 Yes No Yes     Delaware Money Transmitter 403 TBD 25,000 No No Yes     Florida Money Transmitter 376 TBD 50,000 Yes No Yes     Georgia Money Transmitter 2,250 TBD 50,000 No No Yes     Hawaii Money Transmitter 2,300 TBD 100,000 No No Yes     Idaho Money Transmitter 100 50,000 10,000 TBD No Yes     Illinois Money Transmitter 200 TBD 100,000 Yes No Yes     Indiana Money Transmitter 100 TBD 200,000 Yes No Yes     Iowa Money Transmitter 1,500 TBD 50,000 TBD No Yes     Kansas Money Transmitter 500 250,000 200,000 Yes No Yes     Kentucky Money Transmitter 1,100 TBD 500,000 TBD No Yes     Louisiana Money Transmitter 325 $100,000 $25,000 No No Yes     Maine Money Transmitter 500 TBD 100,000 Yes No Yes     Maryland Money Transmitter 3,100 150,000 150,000 TBD No Yes     Massachusetts Money Transmitter 1,300 TBD 50,000 TBD No Yes     Michigan Money Transmitter 3,100 TBD 500,000 No No Yes     Minnesota Money Transmitter 4,150 TBD $25,000 No No Yes     Mississippi Money Transmitter 800 TBD 25,000 No No Yes     Missouri Money Transmitter 100 TBD 100,000,000 Yes No Yes     Montana Not Required N/A N/A N/A N/A N/A N/A N/A N/A Nebraska Money Transmitter 1,000 TBD 100,000 No No Yes     Nevada Money Transmitter 675 TBD 10,000 TBD No Yes     New Hampshire Money Transmitter 500 TBD 100,000 Yes No Yes     New Jersey Money Transmitter 700 TBD 100,000 Yes No Yes     New Mexico Not Required N/A N/A N/A N/A N/A N/A N/A N/A New York Money Transmitter 3,000 TBD 500,000 No No Yes     North Carolina Money Transmitter 1,500 TBD 150,000 No No Yes     North Dakota Money Transmitter 850 100,000 150,000 TBD No Yes     Ohio Money Transmitter 6,000 500,000 300,000 TBD No Yes     Oklahoma Money Transmitter 5,000 TBD 50,000 Yes No Yes     Oregon Money Transmitter 1,000 100,000 25,000 Yes No Yes     Pennsylvania Money Transmitter 1,000 TBD 1,000,000 No No Yes     Rhode Island Money Transmitter 540 TBD 50,000 No No Yes     South Carolina Not Required N/A N/A N/A N/A N/A N/A N/A N/A South Dakota Money Transmitter 1,500 TBD 100,000 No No Yes     Tennessee Money Transmitter 250 100,000 50,000 Yes No Yes     Texas Money Transmitter 2,500 TBD 300,000 No No Yes     Utah Money Transmitter 100 TBD 50,000 Yes No Yes     Vermont Money Transmitter 1,500 TBD 100,000 Yes No Yes     Virginia Money Transmitter 1,000 TBD 25,000 Yes No Yes     Washington Money Transmitter 1,000 TBD 10,000 No No Yes     Washington D.C. Money Transmitter 500 100,000 50,000 No No Yes     West Virginia Money Transmitter 1,000 TBD 100,000 Yes No Y es     Wisconsin Money Transmitter 800 TBD 10,000 Yes No Yes     Wyoming Money Transmitter 1,500 25,000 10,000 Yes No Yes     (Click Here) to View Disclaimer Information Bitcoin Compliance Advisors is an Operating Unit of Regulatory Counsel Group, Inc. Licensing and Compliance Solutions for BItcoin MSB's  Bitcoin | Bitcoin Exchanges | Bitcoin Trading | Bitcoin Wallets | Bitcoin Conferences | Crypto-Banks | Crypto-Currencies | Digital Currencies | Bitcoin Legal Issues | Bitcoin Money Transmitter | Bitcoin Regulation | Bitcoin Service Licensing | Bitcoin Services | Bitcoin Startup Licensing | Bitcoin Startups Powered by Create your own unique website with customizable templates. Get Started