Registry application -- Certificate -- Renewal -- Removal -- Notice

(1) (a) Subject to Subsection (1)(b), an applicant for placement on the registry shall provide to the regulatory relief office: (i) an application in a form prescribed by the regulatory relief office; and (ii) a fee established by the regulatory relief office in accordance with Section 63J-1-504. (b) The application shall include: (i) a place for the name of the applicant, including any trade name used by the applicant in the conduct of the applicant's business; (ii) a place for a description of the activities conducted by the applicant in the state; (iii) a place for the applicant to list the applicant's: (A) authorized agents in the state, if any; and (B) website URL; (iv) a description of general noncustodial blockchain company activities; (v) a place for the applicant to acknowledge that the applicant is a noncustodial blockchain company; and (vi) a statement notifying the applicant that the applicant may be removed from the registry if the applicant: (A) ceases to operate as a noncustodial blockchain company; or (B) engages in unlawful activity. (2) (a) Upon receipt of the application and fee described in Subsection (1), the regulatory relief office shall: (i) place the applicant on the registry; and (ii) issue a certificate of registration to the applicant. (b) A noncustodial blockchain company's registration expires one year after the day on which the noncustodial blockchain company is placed on the registry. (c) A noncustodial blockchain company may renew the noncustodial blockchain company's registration by providing to the regulatory relief office: (i) a renewal application in a form prescribed by the regulatory relief office; and (ii) a renewal fee established by the regulatory relief office in accordance with Section 63J-1-504. (3) A registered noncustodial blockchain company: (a) shall immediately provide written notice to the regulatory relief office upon ceasing to operate as a noncustodial blockchain company; and (b) may request removal from the registry in writing. (4) The regulatory relief office shall remove a registered noncustodial blockchain company from the registry if: (a) the noncustodial blockchain company's registration expires without renewal; (b) the noncustodial blockchain company provides the notice or request described in Subsection (3); or (c) the regulatory relief office knows or has reason to know the noncustodial blockchain company is engaging in unlawful activity.