Ask Reggi Your Question Now
Can I collect cryptocurrency information from participants in South Dakota? What are the requirements?
Cryptocurrency Information Collection Requirements in South Dakota
According to [1], South Dakota money transmitters that engage in virtual currency transmission are required to collect information from their customers. However, the document does not provide specific details on the type of information that needs to be collected.
To obtain more information on the requirements for collecting cryptocurrency information in South Dakota, you may contact the South Dakota Division of Banking at (605) 773-3421 or email them at banking@state.sd.us.
Conclusion
Based on the available information, it is unclear what specific requirements exist for collecting cryptocurrency information from participants in South Dakota. It is recommended that you contact the South Dakota Division of Banking for more information.
Source(s):
Jurisdiction
South Dakota