{
 "jurisdiction_id": "US-RI",
 "jurisdiction": "United States – Rhode Island",
 "url": "https://cryptoassets.gi/jurisdictions/united-states-rhode-island/",
 "generator": "render_jid v13.3.0",
 "date_modified": "2026-08-17",
 "schema_version": "crypto-v2.0.0",
 "counts": {
  "modules": 8,
  "sourced_findings": 15,
  "source_register": 10
 },
 "modules": [
  {
   "code": "crypto_licensing",
   "name": "Crypto Licensing",
   "confidence": null,
   "moved_this_cycle": false,
   "url": "https://cryptoassets.gi/jurisdictions/united-states-rhode-island/#crypto-licensing-crypto-licensing",
   "standing_position": "Rhode Island has no bespoke crypto-asset licensing statute. Instead, since January 1, 2020, the state's general Currency Transmission Act (administered by the RI Department of Business Regulation, Division of Banking) was amended to expressly bring virtual-currency businesses within the money-transmitter licensing perimeter. Firms that accept fees for transmitting currency or that maintain custody/control of virtual currency for others must obtain a money-transmitter license, subject to compliance, AML/anti-fraud, and security requirements largely adapted from the pre-existing money-transmission regime, plus a crypto-specific requirement to hold customer virtual-currency reserves in kind and in an amount equal to client transmission obligations. Limited exemptions exist for personal/family/household use, academic use, and certain escrow arrangements. Licensing is administered via NMLS.",
   "findings": [
    {
     "finding": null,
     "instrument_type": null,
     "source": null,
     "source_url": null,
     "source_tier": null,
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": null,
     "source": null,
     "source_url": null,
     "source_tier": null,
     "retrieved_at": null
    }
   ]
  },
  {
   "code": "token_classification",
   "name": "Token Classification",
   "confidence": null,
   "moved_this_cycle": false,
   "url": "https://cryptoassets.gi/jurisdictions/united-states-rhode-island/#token-classification-token-classification",
   "standing_position": "Rhode Island does not operate a state-level token-taxonomy or classification regime. Whether a given token is a security, commodity, or other instrument is governed exclusively by federal law (SEC/CFTC jurisdiction), not by RI statute. At the federal level, payment stablecoins issued under the GENIUS Act have been affirmatively distinguished from securities by the SEC, but this is a federal characterization applicable uniformly, not an RI-specific rule.",
   "findings": [
    {
     "finding": null,
     "instrument_type": null,
     "source": null,
     "source_url": null,
     "source_tier": null,
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": null,
     "source": null,
     "source_url": null,
     "source_tier": null,
     "retrieved_at": null
    }
   ]
  },
  {
   "code": "on_chain_activity_regime",
   "name": "On-Chain Activity Regime",
   "confidence": null,
   "moved_this_cycle": false,
   "url": "https://cryptoassets.gi/jurisdictions/united-states-rhode-island/#on-chain-activity-regime-on-chain-activity-regime",
   "standing_position": "Rhode Island has not enacted any statute or regulation specifically addressing staking, DeFi lending, DEX operation, mining, node operation, validation, or tokenization. These activities are not separately licensed or prohibited under state law; to the extent they involve custody or transmission of virtual currency as a business, they may fall under the general money-transmitter overlay (see crypto_licensing module), but there is no dedicated on-chain-activity regime.",
   "findings": [
    {
     "finding": null,
     "instrument_type": null,
     "source": null,
     "source_url": null,
     "source_tier": null,
     "retrieved_at": null
    }
   ]
  },
  {
   "code": "stablecoin_regime",
   "name": "Stablecoin Regime",
   "confidence": null,
   "moved_this_cycle": false,
   "url": "https://cryptoassets.gi/jurisdictions/united-states-rhode-island/#stablecoin-regime-stablecoin-regime",
   "standing_position": "Rhode Island has no bespoke state stablecoin-issuance regime. Federal law now governs payment stablecoins via the GENIUS Act (signed July 18, 2025), which sets reserve, redemption, disclosure, licensing, and supervisory requirements and permits state-qualified issuers if a state's regime is certified 'substantially similar' to the federal framework by Treasury. Rhode Island has not established or sought certification of such a state-qualified stablecoin-issuer pathway. Federal implementing rules (OCC, FDIC, Federal Reserve, NCUA, Treasury, FinCEN/OFAC) remain proposals as of the one-year statutory rulemaking deadline (July 18, 2026), which passed without final rules; the Act's substantive effective date is the earlier of January 18, 2027 or 120 days after final rules issue.",
   "findings": [
    {
     "finding": null,
     "instrument_type": null,
     "source": null,
     "source_url": null,
     "source_tier": null,
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": null,
     "source": null,
     "source_url": null,
     "source_tier": null,
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": null,
     "source": null,
     "source_url": null,
     "source_tier": null,
     "retrieved_at": null
    }
   ]
  },
  {
   "code": "consumer_protection",
   "name": "Consumer Protection",
   "confidence": null,
   "moved_this_cycle": false,
   "url": "https://cryptoassets.gi/jurisdictions/united-states-rhode-island/#consumer-protection-consumer-protection",
   "standing_position": "Rhode Island's virtual-currency money-transmitter overlay imposes consumer-protection-adjacent obligations derived from the general money-transmission regime: licensees must demonstrate operational ability to protect confidentiality, integrity, and availability of non-public personal information and currency-transmission data, and must maintain virtual-currency holdings in kind and quantity equal to client transmission obligations (a de facto custody/segregation safeguard). There is no separate RI crypto-specific marketing-restriction, suitability, or complaint-handling regime beyond what applies generically to licensed money transmitters.",
   "findings": [
    {
     "finding": null,
     "instrument_type": null,
     "source": null,
     "source_url": null,
     "source_tier": null,
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": null,
     "source": null,
     "source_url": null,
     "source_tier": null,
     "retrieved_at": null
    }
   ]
  },
  {
   "code": "tax_treatment",
   "name": "Tax Treatment",
   "confidence": null,
   "moved_this_cycle": false,
   "url": "https://cryptoassets.gi/jurisdictions/united-states-rhode-island/#tax-treatment-tax-treatment",
   "standing_position": "Rhode Island has no bespoke crypto tax statute; crypto tax treatment flows from federal law. The IRS (Notice 2014-21) treats virtual currency as property for federal tax purposes, so dispositions generate capital gain/loss and receipts (mining, staking, payment for services) generate ordinary income, both of which flow into a Rhode Island taxpayer's federal AGI, the starting point for RI personal income tax. From 2025, brokers must issue Form 1099-DA reporting cost basis/proceeds to the IRS, increasing federal-level visibility that indirectly affects RI filers. No RI-specific virtual-currency VAT/GST, withholding, or reporting-threshold rule was identified.",
   "findings": [
    {
     "finding": null,
     "instrument_type": null,
     "source": null,
     "source_url": null,
     "source_tier": null,
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": null,
     "source": null,
     "source_url": null,
     "source_tier": null,
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": null,
     "source": null,
     "source_url": null,
     "source_tier": null,
     "retrieved_at": null
    }
   ]
  },
  {
   "code": "cross_border_transfer",
   "name": "Cross-Border Transfer",
   "confidence": null,
   "moved_this_cycle": false,
   "url": "https://cryptoassets.gi/jurisdictions/united-states-rhode-island/#cross-border-transfer-cross-border-transfer",
   "standing_position": "Rhode Island has no state-specific cross-border crypto transfer restrictions, outbound-transfer rules, or state-level reporting thresholds. Cross-border crypto activity involving RI-based persons is governed by federal frameworks: OFAC sanctions administration (including designations of crypto exchanges/mixers used for sanctions evasion) and FinCEN's BSA-derived travel-rule obligations for money transmitters, which apply uniformly across states rather than through RI-specific rulemaking.",
   "findings": [
    {
     "finding": null,
     "instrument_type": null,
     "source": null,
     "source_url": null,
     "source_tier": null,
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": null,
     "source": null,
     "source_url": null,
     "source_tier": null,
     "retrieved_at": null
    }
   ]
  },
  {
   "code": "aml_cft_regime",
   "name": "AML/CFT Regime",
   "confidence": null,
   "moved_this_cycle": false,
   "url": "https://cryptoassets.gi/jurisdictions/united-states-rhode-island/#aml-cft-regime-aml-cft-regime",
   "standing_position": "Crypto AML/CFT obligations (KYC/CDD, travel rule, SAR/STR reporting, sanctions screening, record-keeping, risk assessment) are handled under the fleet's shared Financial Integrity Module (FIM) aml_ctf subscription and are intentionally not re-derived as standalone claims in this crypto baseline, per the module subscription reminder. Disambiguation context only: Rhode Island virtual-currency licensees are subject to AML/anti-fraud protocols as part of the general money-transmitter overlay, and federal BSA/FinCEN MSB obligations apply uniformly regardless of RI state licensing status.",
   "findings": []
  }
 ]
}