Section 3 AAC 13.990 - DefinitionsIn AS 06.55 and this chapter,
(1) "business day" means a day other than Saturday, Sunday, or a state or federal holiday; (2) "department" means the Department of Commerce, Community, and Economic Development; (3) "Form MUI" means the uniform money services license application developed and used by the registry; (4) "monetary value" has the meaning of AS 06.55.990(10) and includes virtual currency; (5) "registry" means the Nationwide Multistate Licensing System and Registry; in this paragraph, "Nationwide Multistate Licensing System and Registry" means a licensing system developed by the Conference of State Bank Supervisors and the American Association of Residential Registry, LLC, or a successor or an affiliated entity, for the licensing and registration of persons in the mortgage and other financial services industries; (6) "virtual currency" (A) means a digital representation of value that is used as a medium of exchange, unit of account, or store of value; and is not money, whether or not denominated in money;(B) does not include (i) a transaction in which a merchant grants, as part of an affinity or rewards program, value that cannot be taken from or exchanged with the merchant, bank credit, or virtual currency; or (ii) a digital representation of value issued by or on behalf of a publisher and used solely within an online game, game platform, or family of games sold by the same publisher or offered on the same game platform.Eff. 7/12/2008, Register 187; am 11/22/2017, Register 224, January 2018; am 1/1/2023, Register 244, January 2023Authority:AS 06.55.102
AS 06.55.103
AS 06.55.105
AS 06.55.106
AS 06.55.203
AS 06.55.204
AS 06.55.403
AS 06.55.404
AS 06.55.405
AS 06.55.820
AS 06.55.990
AS 44.33.020