(1) A person may not engage in the business of money transmission; advertise, solicit or hold itself out as providing money transmission; engage in virtual currency kiosk activity; or hold itself out as a virtual currency kiosk operator unless the person is licensed under this chapter.
(2) Subsection (1) of this section does not apply to:(a) A person who is an authorized delegate of a person licensed under this chapter acting within the scope of authority conferred by a written contract with the licensee; or(b) A person who is exempt pursuant to Section 75-16-7 and does not engage in money transmission outside the scope of such exemption.
(a) A person who is an authorized delegate of a person licensed under this chapter acting within the scope of authority conferred by a written contract with the licensee; or
(b) A person who is exempt pursuant to Section 75-16-7 and does not engage in money transmission outside the scope of such exemption.
(3) A license issued under Section 75-16-29 is not transferable or assignable.