IMVU, Inc.; On 7/2/2020, the Florida Office of Financial Regulation (Consumer Finance) received a Petition for Declaratory Statement from IMVU, Inc. The petitioner seeks a declaratory statement from the Office whether its proposed business model (...

 

DEPARTMENT OF FINANCIAL SERVICES

Finance

NOTICE IS HEREBY GIVEN that the Florida Office of Financial Regulation has received the petition for declaratory statement from IMVU, Inc. The petition seeks the agency's opinion as to the applicability of Chapter 560, Florida Statutes, as it applies to the petitioner.

On 7/2/2020, the Florida Office of Financial Regulation (Consumer Finance) received a Petition for Declaratory Statement from IMVU, Inc. The petitioner seeks a declaratory statement from the Office whether its proposed business model (to offer a blockchain-based virtual currency that can only be used on Petitioner's platform which is a software application that people use to connect, socialize, interact in virtual venues, play games, explore their creativity with free-to-use tools, and purchase virtual goods) falls under the Florida Money Transmitter Statute, Chapter 560, Florida Statutes.

A copy of the Petition for Declaratory Statement may be obtained by contacting: Agency Clerk, Office of Financial Regulation, P.O. Box 8050, Tallahassee, Florida 32314-8050, [phone], [e-mail].

Please refer all comments to: Agency Clerk, Office of Financial Regulation, P.O. Box 8050, Tallahassee, Florida 32314-8050, [phone], [e-mail].