Section 13-09.1-46 - Conditions precedent to engaging in virtual-currency business activity1. A person may not engage in virtual-currency business activity, or hold itself out as being able to engage in virtual-currency business activity, with or on behalf of another person unless the person is:a. Licensed in this state by the commissioner pursuant to section 13-09.1-13; orb. Exempt from licensing under section 13-09.1-02.2. A person that is licensed to engage in virtual-currency business activity is engaged in the business of money transmission and is subject to the requirements of this chapter.Added by S.L. 2023 , ch. 137( SB 2119 ), § 2, eff. 7/1/2023.