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: Uniform Regulation of Virtual-Currency Businesses Act
The Uniform Regulation of Virtual-Currency Businesses Act (URVCBA) is a template that state governments can use to integrate cryptocurrency companies into the regulatory system. Created by the Uniform Law Commission (ULC), the URVCBA is an attempt to reduce state-by-state variation in virtual currency regulation. The URVCBA process was started by New York’s appointees to the ULC. They based the uniform framework on their own BitLicense regulations. That should give you an idea of how little the crypto industry likes the proposal. Everybody Else
Some states have taken a middle path. They don’t embrace virtual currency and they don’t keep crypto companies on a tight leash. More than forty states simply treat crypto firms as possible money transmitters. Forward-looking states have added “virtual currency” to their money transmission laws. Regulators in these states provide guidance on how the laws apply to companies that handle virtual currencies.