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Bureau Publishes Money Transmission Modernization Act Advisory Ruling
May 15, 2025
The Bureau has published its first advisory ruling issued under the Money Transmitter Modernization Act. The advisory ruling clarifies requirements under 32 M.R.S. § 6100-UU for virtual currency transmissions from senders who are transmitting virtual currency to an unhosted wallet. Copies of the advisory ruling are available on the Bureau's website HERE.