Illinois cryptocurrency regulation

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Connecticut may apply additional scrutiny currency ; In re River Financial, Inc. Many virtual currency exchanges maintain transmitter is found at Ariz. Investments in virtual currency by as Coinbase have obtained money services licenses from the Department.

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House Bill passed out of the House on a bipartisan vote. The legislation now heads to the Senate for further consideration. Regulation of Digital Currencies: Cryptocurrency, Bitcoins, Blockchain Technology. Illinois, HB Sent to governor 6/28/19, Creates the Blockchain. Illinois' legislature is currently considering several bills relating to cryptocurrency and blockchain. HB (passed by the House on February 24, ).

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Provides that a party holding a digital asset where the nature and type of the digital asset is at issue in the case may shield the need for disclosure if it posts security with the court for a comparable value for the digital asset in question if the value of the digital asset can be assessed, or for a value that is reasonably correlated to the estimated value of any judgment. Appropriates funds. Mississippi has no cryptocurrency-specific laws, but cryptocurrency may be encompassed in existing money transmission statutes. Includes cryptocurrency in unauthorized currency. Existing law, the Money Transmission Act, generally prohibits a person from engaging in the business of money transmission, as defined, without a license from the commissioner of Financial Protection and Innovation.