Bitcoin Dealers Licensed As Money Transmitters
| Type | Bill |
|---|---|
| Session | 2018 Regular Session |
| Subjects |
Concerning a requirement that persons who deal in cryptocurrency be regulated under the laws regulating money transmitters.
Bill Summary:
Under current law, persons who offer cryptocurrency "wallets", buy or sell cryptocurrencies, or exchange cryptocurrency with fiat currency are not clearly outside the scope of activity subject to the "Colorado Securities Act" or the "Money Transmitters Act". The bill defines a new term, "open blockchain token", to describe a unit of cryptocurrency (e.g., bitcoin), and amends the definition of a security to exclude an open blockchain token so long as it is developed and sold in accordance with specified standards.
(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)
Related Documents & Information
| Date | Version | Documents |
|---|---|---|
| 04/16/2018 | PA1 |
| Activity | Vote | Documents |
|---|---|---|
| Adopt amendment L.005 | The motion passed without objection. | Vote summary |
| Refer House Bill 18-1220, as amended, to the Committee of the Whole. | The motion failed on a vote of 3-4. | Vote summary |
| Postpone House Bill 18-1220 indefinitely. | The motion passed on a vote of 4-3. | Vote summary |
| Activity | Vote | Documents |
|---|---|---|
| Refer House Bill 18-1220 to the Committee of the Whole. | The motion passed on a vote of 13-0. | Vote summary |
| Activity | Vote | Documents |
|---|---|---|
| Adopt amendment L.002 | The motion passed without objection. | Vote summary |
| Refer House Bill 18-1220, as amended, to the Committee on Finance. | The motion passed on a vote of 11-0. | Vote summary |
| Date | Calendar | Motion | Vote | Vote Document |
|---|---|---|---|---|
| 04/20/2018 | Third Reading | BILL |
55
AYE
6
NO
4
OTHER
|
Vote record |
| Date | Location | Action |
|---|---|---|
| 04/30/2018 | Senate | Senate Committee on Business, Labor, & Technology Postpone Indefinitely |
| 04/23/2018 | Senate | Introduced In Senate - Assigned to Business, Labor, & Technology |
| 04/20/2018 | House | House Third Reading Passed - No Amendments |
| 04/19/2018 | House | House Second Reading Special Order - Passed with Amendments - Committee |
| 04/18/2018 | House | House Committee on Finance Refer Unamended to House Committee of the Whole |
| 04/12/2018 | House | House Committee on Business Affairs and Labor Refer Amended to Finance |
| 02/05/2018 | House | Introduced In House - Assigned to Business Affairs and Labor + Finance |
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