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Selected Opinions of the Division of Banks related to consumer virtual currency

Through these opinions the Division of Banks (DOB) offers perspective on current issues and questions in the financial services industry.

Table of Contents


  • Opinion 19-008
    • Licensing requirements for the buying and selling of virtual currency through a website – January 17, 2020
  • Opinion 19-007
    • Licensing requirements for the sale of virtual currency through a kiosk – December 6, 2019


  • Opinion 18-003
    • Do business activities, as described, for purchase, sale and exchange of virtual currency require a license from the Division of Banks - June 14, 2018
  • Opinion 18-002 
    • Do business activities involving the sale of cryptocurrency, as described, require licensure from the Division of Banks - March 9, 2018


  • Opinion 17-007
    • Can a service fee be charged by third party payment processor for payments by credit card for insurance premium payments – October 24, 2017


Past opinions of the DOB

You can get copies of past opinions by submitting a Public Records Request to the DOB's Records Access Officer.

The DOB's Regulations, found in the Code of Massachusetts Regulations (CMR - agency code number 209), are available through the State House Bookstore.