North Dakota Money Transmitter License

North Dakota Money Transmitter License Overview Who Regulates MTL in North Dakota? The North Dakota money transmitter license is regulated by the North Dakota Department of Financial Institutions Consumer Division. Who Is Required to Have an MTL in North Dakota? Any business involved in the sale or issuance of payment instruments, stored value, or receiving money for transmission to another location by whatever means is required to apply for a license in the state. Virtual currency transmission is currently not regulated by the Department of Financial Institutions Consumer Division. However, a license is required to engage in peer-to-peer or business-to-business wallet or account transfers in fiat currency. ...