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Oklahoma enacts new licensing and compliance requirements for digital asset kiosk operators

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On October 15, the Oklahoma State Banking Department issued a memo outlining new requirements stemming from the May 29 enactment of SB 1083, requiring all digital asset kiosk operators to be licensed as money transmitters under the Oklahoma Financial Transaction Reporting Act, effective November 1….
By: Orrick, Herrington & Sutcliffe LLP

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