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HB18-1220

Bitcoin Dealers Licensed As Money Transmitters

Concerning a requirement that persons who deal in cryptocurrency be regulated under the laws regulating money transmitters.
Session:
2018 Regular Session
Subjects:
Business & Economic Development
Financial Services & Commerce

The bill subjects persons who offer cryptocurrency 'wallets', buy or sell cryptocurrencies, or exchange cryptocurrency with fiat currency to regulation under the 'Money Transmitters Act'. The bill defines cryptocurrency (e.g., bitcoin) and fiat currency.


(Note: This summary applies to this bill as introduced.)

Status

Introduced
Under Consideration

Bill Text

Sponsors

Sponsor Type Legislators
Prime Sponsor

Rep. J. Melton

Sponsor

Co-sponsor