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: America’s Fragmented Landscape
Source: Pixabay
When you go through each state’s laws, you will find three distinct groups: the crypto pioneers, the people’s defenders and everybody else. Crypto Pioneers
A handful of states have decided to make operating a cryptocurrency business as easy as possible. The politicians in these states believe this approach will drive for economic growth and job creation. First among these pioneers, Texas defined how virtual currency companies qualify as money transmitters. More recently, Wyoming has exempted cryptocurrency dealers from its financial regulations — and even exempts crypto sales from property taxes. Puerto Rico is hoping that a flexible approach to cryptocurrency regulation will create desperately-needed jobs and economic growth. People’s Defenders
Other states are more concerned with the risks cryptocurrency firms pose than by the opportunities. For them, protecting consumers and investors comes before the business needs of crypto exchanges.