(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.