Last October, the Uniform Law Commission released the Uniform Regulation of Virtual-Currency Business Act (VCBA), which sets forth extensive requirements applicable to persons or entities who engage in virtual currency business activity with residents of a state. An overview of the VCBA and its key provisions can be found here.
Since its release, three states-Connecticut, Hawaii, and Nebraska-have introduced bills adopting the VCBA. To date, no state has enacted the proposed legislation.
Representative Patricia Dillon introduced HB No. 5496, which was ...
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