West · Last reviewed 2026-07
Oregon money transmitter license
Requirements, bond, timeline, and crypto notes for the Money Transmitter License — for companies preparing an application or diligence questionnaire.
Key requirements
- License
- Money Transmitter License
- Statute
- Oregon Money Transmitters Act, ORS ch. 717
- Surety bond
- Typically $25,000 plus $5,000 per location, capped around $150,000
- Net worth
- Typically $100,000 or more; verify with DFR
- NMLS
- Required
- Application fee
- Roughly $1,000 plus NMLS fees, as of our last review
- Typical timeline
- 4–8 months
Crypto & virtual currency
Oregon regulates money transmission under ORS chapter 717. Transferring virtual currency peer-to-peer as an intermediary generally requires a license. Inventory buy/sell models — two-party sales from the dealer's own holdings — have historically been treated as outside money transmission, though you should confirm that reading with DFR for your specific facts. Bonds typically run $25,000 plus $5,000 per location (capped around $150,000), with net worth commonly $100,000 or more. Requirements change frequently — always verify current figures and interpretations directly with the state regulator before filing.
Frequently asked questions
When does crypto activity require an Oregon MTL?
Transferring virtual currency as an intermediary (peer-to-peer transmission for customers) generally requires a license under ORS 717. Two-party inventory buy/sell from your own holdings has historically been outside the Act — confirm with DFR for your model.
What are Oregon's financial requirements?
As of our last review: a bond typically of $25,000 plus $5,000 per location (capped around $150,000) and net worth of $100,000 or more. Verify current figures with the Division of Financial Regulation.
How long does Oregon licensing take?
Typically 4–8 months for a complete NMLS application. DFR is process-driven; clear flow-of-funds documentation distinguishing inventory sales from intermediated transmission helps avoid deficiency cycles.
This page is educational and does not constitute legal advice. Requirements change frequently — always verify current figures and interpretations directly with Oregon Division of Financial Regulation (DFR) before filing.