Virtual Currency Business Activity

Definition
Virtual Currency Business Activity is

"the conduct of any one of the following types of activities involving New York or a New York Resident:
 * (1) receiving Virtual Currency for Transmission or Transmitting Virtual Currency, except where the transaction is undertaken for non-financial purposes and does not involve the transfer of more than a nominal amount of Virtual Currency;
 * (2) storing, holding, or maintaining custody or control of Virtual Currency on behalf of others;
 * (3) buying and selling Virtual Currency as a customer business;
 * (4) performing Exchange Services as a customer business; or
 * (5) controlling, administering, or issuing a Virtual Currency.

The development and dissemination of software in and of itself does not constitute Virtual Currency Business Activity."