diff --git a/src/chainparams.cpp b/src/chainparams.cpp
index 02ee914547..4b51aca9db 100644
--- a/src/chainparams.cpp
+++ b/src/chainparams.cpp
@@ -227,6 +227,7 @@ class CMainParams : public CChainParams {
         consensus.connect_genesis_outputs = false;
         consensus.subsidy_asset = CAsset();
         anyonecanspend_aremine = false;
+        accept_unlimited_issuances = false;
         enforce_pak = false;
         multi_data_permitted = false;
         accept_discount_ct = false;
@@ -374,6 +375,7 @@ class CTestNetParams : public CChainParams {
         consensus.subsidy_asset = CAsset();
         anyonecanspend_aremine = false;
         enforce_pak = false;
+        accept_unlimited_issuances = false;
         multi_data_permitted = false;
         accept_discount_ct = false;
         create_discount_ct = false;
@@ -538,6 +540,7 @@ class SigNetParams : public CChainParams {
         consensus.subsidy_asset = CAsset();
         anyonecanspend_aremine = false;
         enforce_pak = false;
+        accept_unlimited_issuances = false;
         multi_data_permitted = false;
         accept_discount_ct = false;
         create_discount_ct = false;
@@ -641,6 +644,7 @@ class CRegTestParams : public CChainParams {
         consensus.subsidy_asset = CAsset();
         anyonecanspend_aremine = false;
         enforce_pak = false;
+        accept_unlimited_issuances = false;
         multi_data_permitted = false;
         accept_discount_ct = false;
         create_discount_ct = false;
@@ -909,6 +913,8 @@ class CCustomParams : public CRegTestParams {
 
         enforce_pak = args.GetBoolArg("-enforce_pak", false);
 
+        accept_unlimited_issuances = args.GetBoolArg("-acceptunlimitedissuances", false);
+
         // Allow multiple op_return outputs by relay policy
         multi_data_permitted = args.GetBoolArg("-multi_data_permitted", enforce_pak);
 
@@ -1167,6 +1173,8 @@ class CLiquidV1Params : public CChainParams {
 
         enforce_pak = true;
 
+        accept_unlimited_issuances = false;
+
         multi_data_permitted = true;
         create_discount_ct = args.GetBoolArg("-creatediscountct", false);
         accept_discount_ct = args.GetBoolArg("-acceptdiscountct", true) || create_discount_ct;
@@ -1525,6 +1533,8 @@ class CLiquidV1TestParams : public CLiquidV1Params {
 
         enforce_pak = args.GetBoolArg("-enforce_pak", enforce_pak);
 
+        accept_unlimited_issuances = false;
+
         multi_data_permitted = args.GetBoolArg("-multi_data_permitted", multi_data_permitted);
         create_discount_ct = args.GetBoolArg("-creatediscountct", create_discount_ct);
         accept_discount_ct = args.GetBoolArg("-acceptdiscountct", accept_discount_ct) || create_discount_ct;
diff --git a/src/chainparams.h b/src/chainparams.h
index a80807a8eb..840a22ba5c 100644
--- a/src/chainparams.h
+++ b/src/chainparams.h
@@ -134,6 +134,7 @@ class CChainParams
     const std::string& ParentBech32HRP() const { return parent_bech32_hrp; }
     const std::string& ParentBlech32HRP() const { return parent_blech32_hrp; }
     bool GetEnforcePak() const { return enforce_pak; }
+    bool GetAcceptUnlimitedIssuances() const { return accept_unlimited_issuances; }
     bool GetMultiDataPermitted() const { return multi_data_permitted; }
     bool GetAcceptDiscountCT() const { return accept_discount_ct; }
     bool GetCreateDiscountCT() const { return create_discount_ct; }
@@ -168,6 +169,7 @@ class CChainParams
     std::string parent_bech32_hrp;
     std::string parent_blech32_hrp;
     bool enforce_pak;
+    bool accept_unlimited_issuances;
     bool multi_data_permitted;
     bool accept_discount_ct;
     bool create_discount_ct;
diff --git a/src/chainparamsbase.cpp b/src/chainparamsbase.cpp
index e3eb7dd45b..40a1078dbd 100644
--- a/src/chainparamsbase.cpp
+++ b/src/chainparamsbase.cpp
@@ -61,6 +61,7 @@ void SetupChainParamsBaseOptions(ArgsManager& argsman)
     argsman.AddArg("-total_valid_epochs", "Per-chain parameter that sets how long a particular fedpegscript is in effect for.", ArgsManager::ALLOW_ANY, OptionsCategory::ELEMENTS);
     argsman.AddArg("-evbparams=deployment:start:end:period:threshold", "Use given start/end times for specified version bits deployment (regtest or custom only)", ArgsManager::ALLOW_ANY | ArgsManager::DEBUG_ONLY, OptionsCategory::ELEMENTS);
     argsman.AddArg("-con_start_p2wsh_script", "Create p2wsh addresses when starting in dynafed mode (regtest or custom only)", ArgsManager::ALLOW_ANY | ArgsManager::DEBUG_ONLY, OptionsCategory::ELEMENTS);
+    argsman.AddArg("-acceptunlimitedissuances", "Allow unblinded issuance amounts to exceed 21 million units", ArgsManager::ALLOW_ANY, OptionsCategory::ELEMENTS);
     // END ELEMENTS
     //
 }
diff --git a/src/init.cpp b/src/init.cpp
index 714b51786c..27addf275a 100644
--- a/src/init.cpp
+++ b/src/init.cpp
@@ -621,7 +621,6 @@ void SetupServerArgs(ArgsManager& argsman)
 
     std::vector<std::string> elements_hidden_args = {"-con_fpowallowmindifficultyblocks", "-con_fpownoretargeting", "-con_nsubsidyhalvinginterval", "-con_bip16exception", "-con_bip34height", "-con_bip65height", "-con_bip66height", "-con_npowtargettimespan", "-con_npowtargetspacing", "-con_nrulechangeactivationthreshold", "-con_nminerconfirmationwindow", "-con_powlimit", "-con_bip34hash", "-con_nminimumchainwork", "-con_defaultassumevalid", "-npruneafterheight", "-fdefaultconsistencychecks", "-fmineblocksondemand", "-fallback_fee_enabled", "-pchmessagestart"};
 
-    argsman.AddArg("-acceptunlimitedissuances", strprintf("Relay and mine unblinded issuance transactions (default: %u)", DEFAULT_ACCEPT_UNLIMITED_ISSUANCES), ArgsManager::ALLOW_ANY, OptionsCategory::ELEMENTS);
     argsman.AddArg("-initialfreecoins", strprintf("The amount of OP_TRUE coins created in the genesis block. Primarily for testing. (default: %d)", 0), ArgsManager::ALLOW_ANY | ArgsManager::DEBUG_ONLY, OptionsCategory::DEBUG_TEST);
     argsman.AddArg("-validatepegin", "Validate peg-in claims. An RPC connection will be attempted to the trusted mainchain daemon using the `mainchain*` settings below. All functionaries must run this enabled. (default: 1 if chain has federated peg)", ArgsManager::ALLOW_ANY, OptionsCategory::ELEMENTS);
     argsman.AddArg("-mainchainrpchost=<host>", "The address which the daemon will try to connect to the trusted mainchain daemon to validate peg-ins, if enabled. (default: 127.0.0.1)", ArgsManager::ALLOW_ANY, OptionsCategory::ELEMENTS);
@@ -1077,7 +1076,6 @@ bool AppInitParameterInteraction(const ArgsManager& args)
     fIsBareMultisigStd = args.GetBoolArg("-permitbaremultisig", DEFAULT_PERMIT_BAREMULTISIG);
     fAcceptDatacarrier = args.GetBoolArg("-datacarrier", DEFAULT_ACCEPT_DATACARRIER);
     nMaxDatacarrierBytes = args.GetIntArg("-datacarriersize", nMaxDatacarrierBytes);
-    fAcceptUnlimitedIssuances = args.GetBoolArg("-acceptunlimitedissuances", DEFAULT_ACCEPT_UNLIMITED_ISSUANCES);
 
     // Option to startup with mocktime set (used for regression testing):
     SetMockTime(args.GetIntArg("-mocktime", 0)); // SetMockTime(0) is a no-op
diff --git a/src/validation.cpp b/src/validation.cpp
index a566ccd835..6ac82e3e98 100644
--- a/src/validation.cpp
+++ b/src/validation.cpp
@@ -151,7 +151,6 @@ bool g_parallel_script_checks{false};
 bool fRequireStandard = true;
 bool fCheckBlockIndex = false;
 bool fCheckpointsEnabled = DEFAULT_CHECKPOINTS_ENABLED;
-bool fAcceptUnlimitedIssuances = true;
 int64_t nMaxTipAge = DEFAULT_MAX_TIP_AGE;
 
 uint256 hashAssumeValid;
@@ -724,8 +723,9 @@ bool MemPoolAccept::PreChecks(ATMPArgs& args, Workspace& ws)
     }
 
     // Check unblinded issuance is in MoneyRange if configured
-    if (!fAcceptUnlimitedIssuances && !IsIssuanceInMoneyRange(tx))
+    if (!chainparams.GetAcceptUnlimitedIssuances() && !IsIssuanceInMoneyRange(tx)) {
         return state.Invalid(TxValidationResult::TX_NOT_STANDARD, "issuance-out-of-range", "Issuance is greater than 21 million and acceptunlimitedissuances is not enabled.");
+    }
 
     // Do not work on transactions that are too small.
     // A transaction with 1 segwit input and 1 P2WPHK output has non-witness size of 82 bytes.
diff --git a/src/validation.h b/src/validation.h
index f66ea6555b..78fa8bea6a 100644
--- a/src/validation.h
+++ b/src/validation.h
@@ -130,7 +130,6 @@ extern bool g_parallel_script_checks;
 extern bool fRequireStandard;
 extern bool fCheckBlockIndex;
 extern bool fCheckpointsEnabled;
-extern bool fAcceptUnlimitedIssuances;
 /** A fee rate smaller than this is considered zero fee (for relaying, mining and transaction creation) */
 extern CFeeRate minRelayTxFee;
 /** If the tip is older than this (in seconds), the node is considered to be in initial block download. */
diff --git a/test/functional/wallet_elements_21million.py b/test/functional/wallet_elements_21million.py
index 063832d246..fb4d4a4695 100755
--- a/test/functional/wallet_elements_21million.py
+++ b/test/functional/wallet_elements_21million.py
@@ -18,9 +18,9 @@ def set_test_params(self):
             "-blindedaddresses=1"
         ]
         self.extra_args = [
-            args,
-            args,
-            args + ["-acceptunlimitedissuances=0"], # node 2 blocks unblinded issuances out of moneyrange
+            args + ["-acceptunlimitedissuances=1"],
+            args + ["-acceptunlimitedissuances=1"],
+            args, # node 2 blocks unblinded issuances out of moneyrange
         ]
 
     def setup_network(self, split=False):