Category Archives: bitcoin

Lege TREND. Death of a Bitcoin Bill in a Gaming State.

State: Nevada

The legislation: SB 195 (2019 | NV)

Why did SB 195 die a legislative death?

  • opponents say the bill was not beneficial to the crypto markets
  • the bill would have implemented the ULC’s Uniform Regulation for Virtual Currency Business Act
  • opponents say it doesn’t protect investors and traders enough

Read an opposition letter from the cryptocurrency industry.

CoinGeek | Nevada lawmakers scrap controversial Bitcoin bill

Local TREND. Addressing Crypto Currency with Local Ordinances

Where: Missoula County, Montana

The County adopted rules for crypto miners that:

  • health & safety. County is “protecting the health, safety, morality and general welfare of the people in the district” by ensuring electricity for local residents
  • use limitation. crypto mining activities only in areas of light and heavy industry
  • waste limitations. provide evidence that all e-waste generated will be processed by a licensed waste management company

The Cryptoo Currency Post | Montana County…

Lege TREND. Blockchain and Bitcoin Bills.

Michigans HB 4103 (2019 | MI) would:

  • add bitcoina nd blockchain into existing legal & financial statutes
  • prohibit rackteering related to blockchain and bitcoin
  • apply existing financial crimes to crimes utilizing blockchain, distributed ledger techniology and bitcoin

The definition of cryptocurrency used in Michigan: “digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, and that operates independently of a…

Lege TREND. Legislating Blockchain and Bitcoin in Western Independent States

Nevada’s Uniform Regulation of Virtual-Currency Businesses Act SB 195 (2019 | NV) would require:

  • crypto currency to register with the state  Department of Business and Industry
  • blockchain groups oppose the legislation since the industry is nascent and the legislation could inhibit growth

Are other states considering uniform bitcoin legislation? Yes, CA, HI and OK

Bitcoin Exchange Guide | Nevada Bill Regarding Multiple Uniform Standards Sees Pushback from Blockchain and Crypto Proponents 

Lege TREND. Wyoming. Leader in Blockchain Legislation. 4 New Bills.

Study. States. Blockchain Legislation. Which are Bullish? Which are Unaware?

A 2018 Brookings study categorizes state blockchain legislation and regulation.

States Recognizing Innovation Potential:

  • Illinois
  • Arizona

States Actively Engaged:

  • Pennsylvanai
  • New York
  • Florida
  • Virigina
  • Utah
  • Wisconsin

States that are orgnaized:

  • Wyoming
  • Washington

States that are appreciative:

  • California
  • Colorado
  • Oklahoma
  • Kansas

States that are reactionary:

  • Texas
  • Missouri
  • Illinois
  • Ohio

States that are unaware:

  • Arkansas
  • Mississippi
  • Minnesota
  • oregon
  • idaho

Consensys | Meet…

Lege TREND. Property Rights in Bitcoin. Read the Bill.

SF 0125 (WY | 2019) will allow crypto currency to have property rights outside third party storage.

What does this mean?

  •  Wyoming is the 1st US state to allow private ownership of cryptocurrency
  • Wyoming hopes blockchain and cyrptocurrency then partake in WY courts, business registrations
  • Wyoming becomes the Delaware or Nevada of cryptocurrency, as Deleware and Nevada are for traditional corporate filings

Bitcoinist | WYOMING BECOMES FIRST STATE TO GIVE BITCOIN OWNERS FULL PROPERTY RIGHTS

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