The New Hampshire Money Transmitter License guide (Faisal Khan LLC, July 2026) covers RSA 399-G, reenacted wholesale as the MTMA by HB 1241 effective 22 October 2024, administered by the NH Banking Department's Consumer Credit Division in Concord.
The standout fact: New Hampshire exempts convertible virtual currency from money transmitter licensing, and that exemption survived the 2024 rewrite intact. RSA 399-G:3, VII exempts persons selling or issuing payment instruments or stored value solely in convertible virtual currency, or receiving virtual currency for transmission. The guide flags an asymmetry worth catching: the first limb is qualified by "solely," the second is not — and fiat is the real dividing line, since receiving dollars for transmission is licensable regardless of any crypto leg. It also debunks a circulating "mixed activity" myth: there is no all-or-nothing forfeiture provision, so fiat activity needs a license even where crypto activity doesn't.
Fees are among the lowest nationally — $500 to apply, $500 to renew annually — and the bond is the greater of $100,000 or 100% of average daily New Hampshire liability, capped at $500,000. A real 120-day deemed-approval clock runs under §399-G:10, but only once the FBI check response is in.
What the guide covers:
- Eighteen exemptions under §399-G:3, notably including insurance companies
- Tangible net worth on the standard 3%/2%/0.5% scale, with proprietary tokens barred from counting toward it
- Document production deadlines: 28 days, with a $50-per-day fine after that
- Penalties of $1,500/day (negligent) or $2,500/day (knowing), each transmission a separate violation
- Examinations at least every 24 months, billed to the licensee
- New Hampshire's actual tax picture — no income or sales tax, but a 7.5% Business Profits Tax
The NMLS checklist still shows a flat $100,000 bond dated 2019; the statute, not the checklist, governs.