Louisiana virtual currency bonds.
$1,000 flat.
Louisiana licenses anyone who exchanges, transfers, custodies, or administers virtual currency for others through the Office of Financial Institutions (OFI) under the Virtual Currency Businesses Act, and every applicant files a $100,000 surety bond through NMLS. Ours is $1,000 flat.
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How much does a Louisiana virtual currency bond cost?
$1,000 at the $100,000 amount, the same for every applicant.
Three steps. One sitting.
The bond side of your NMLS filing is the easy part. Here's the entire process:
Apply online
Business details, an effective date, and a soft-pull credit consent — a soft inquiry only, so it never affects your score. That is the application.
Pay & e-sign
This bond is checkout-priced at $1,000 flat, so it issues the moment you pay — no quote round-trip, no waiting on an underwriting queue.
File with OFI through NMLS
Your executed bond and power of attorney arrive by email, ready to upload to your Virtual Currency Business Activity License application or renewal in NMLS. Wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
Louisiana's Virtual Currency Businesses Act (La. R.S. 6:1381 et seq.) requires anyone engaging in virtual currency business activity — exchanging, transferring, storing, or administering virtual currency for others, including operating a virtual currency kiosk — to hold a license from the Office of Financial Institutions, applied for through NMLS. R.S. 6:1386 conditions that license on a surety bond starting at $100,000 securing the licensee's faithful performance, payable to OFI for the benefit of any claimant against the licensee — the statute scales the required amount up on a schedule tied to reported virtual currency business activity, and OFI can require still more.
It's a three-party arrangement: you (the principal), the surety carrier, and the State of Louisiana acting through OFI (the obligee), with harmed customers as the protected parties. A claimant damaged by the licensee's failure to perform its duties under the Act can recover against the bond.
It is not insurance for you — if the surety pays a claim, you repay the surety. NMLS licenses of this kind run on an annual renewal cycle, so we track your term and send renewal notices ahead of expiration to keep your $100,000 filing continuous.
You need this bond if you're
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the $100,000 bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The premium covers a one-year term from the effective date you choose; a longer term is the same price per year, chosen at checkout.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
File with OFI through NMLS. Your executed bond and power of attorney arrive by email, ready to upload to your Virtual Currency Business Activity License application or renewal in NMLS. Wet-ink original mailed on request.
What sets the price
The premium is fixed at $1,000 at the $100,000 amount for every applicant: the carrier’s rate book prices this bond by the form, not by your credit or your business profile.
One soft credit pull, never a hard inquiry, and it never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
One application, issued instantly.
These are the actual issuing fields — business details, an effective date, and a soft-pull credit consent that never affects your score.
Start the application →Common questions.
Other Louisiana bonds.
Been told you need a different amount?
Price and requirements checked on the carrier’s application, . Page updated .
Finish your OFI license filing today.
$1,000 flat, soft pull only, bond often issued in the same sitting. Free until issued.