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: It’s meant to help you understand why some crypto services are available in your state while others have walked away. Of course, politicians and regulators could change things at any time. And if you run a crypto company, don’t make decisions based on this list. Quality legal advice can only come from lawyers who understand each state’s systems. Alabama – Idaho
Source: Pixabay
Alabama
Alabama’s Monetary Transmission Act went into effect last year and formally defines virtual currency as an instrument for transmitting monetary value. However, the Alabama Securities Commission has not clarified whether companies that only handle cryptocurrency fall under the new money transmission regulations. Alaska
Alaska’s current money transmission law (PDF) does not mention virtual currency. The state’s Division of Banking and Services (DBS) interprets that to mean it does not have the authority to regulate virtual currency transmissions. Before a crypto company can get a money transmitter license, it must request a Limited License Agreement Order.