Title: Bitcoin and Cryptocurrency Laws in All 50 States (plus DC & Puerto Rico)
Headings: Bitcoin and Cryptocurrency Laws in All 50 States (plus DC & Puerto Rico)
Bitcoin and Cryptocurrency Laws in All 50 States (plus DC & Puerto Rico)
Table of Contents
How States Regulate Cryptocurrency Companies
America’s Fragmented Landscape
Crypto Pioneers
People’s Defenders
Uniform Regulation of Virtual-Currency Businesses Act
Everybody Else
Crypto Regulations State by State
Alabama – Idaho
Alabama
Alaska
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
District of Columbia
Florida
Georgia
Hawaii
Idaho
Illinois – Missouri
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana – Pennsylvania
Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
New York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Puerto Rico – Wyoming
Puerto Rico
Rhode Island
South Carolina
South Dakota
Tennessee
Texas
Utah
Vermont
Virginia
Washington
West Virginia
Wisconsin
Wyoming
Christopher Casper
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Content: Among the burdens placed on virtual currency firms: Provide more detailed documentation. Conduct regular security and financial audits. Reserve more permissible investments. In crypto circles, New York is the most notorious of these states. New York’s regulators did not weave virtual currency into existing regulations. Instead, New York’s politicians created an entirely separate set of regulations — the BitLicense — just for crypto companies. But New York isn’t alone. Washington and Wyoming have also implemented stricter policies than most states. Hawaii, Connecticut and California are trying, or tried and failed, to enact similar regulations.