(N.Y. 2019). establishing that open blockchain tokens with specified consumptive characteristics are intangible personal property and not subject to a securities exemption; requiring developers and sellers of open blockchain tokens to file notices of intent and fees with the secretary of state; authorizing specified enforcement actions; making specified violations unlawful trade practices; repealing provisions granting open blockchain tokens a securities exemption. In February 2019, the Missouri House introduced H.B. L.B. https://leg.colorado.gov/bills/sb19-023. Assemb., 439th Sess. Cryptocurrency Tax by State | Bloomberg Tax Governor Rick Scott signed House Bill 1379 in June 2017. L.B. 284, which qualifies persons who provide "a virtual currency that buyers are allowed or required to use to purchase products from the seller" as a "marketplace facilitator. Blockchain, FinTech & the Law Conference 2021 Speaker Bios The bill adds the definition of blockchain as an electronic record, transaction, or other data which is (1) uniformly ordered; (2) redundantly maintained or processed by one or more computers or machines to guarantee the consistency or nonrepudiation of the recorded transactions or other data; and (3) validated by the use of cryptography. 2018). As a result of the false communications, John Doe sent Odabi and his co-conspirators approximately $5.3 million, including approximately $2 million to accounts held in the name of Oh-Dabi Properties, LLC and American Commodity Exchange, Inc., two Georgia-based companies that Odabi operated. (N.D. 2019). Sess. Get to know Georgia's Secretary of State. In January, 2019, the Senate introduced a bill that would increase the members of the task force from 9 to 13. The proposed statutory changes include ownership representation via use of a blockchain, certificate tokens, and network signatures. H.B. (Wash. 2013). This would allow the bureau of Consumer Credit Protection the ability to regulate transmission of digital currencies. 7-1-680(26) ("'Virtual currency" means a digital representation of monetary value that does not have legal tender status as recognized by the United States government."). H.B. Anguilla: A Crypto Regulation Haven for Utility Tokens Sess. 146, Reg. (Utah 2019). With respect to blockchain technology and applications, several bills were introduced in the first quarter of 2019 and include: North Carolina has expanded its Money Transmitters Act to cover activities related to Bitcoin and other virtual currencies. Texas was the first state to release an official position on bitcoin with Memorandum 1037 clarifying that no money transmitter's license is required to sell Bitcoin. "[A]llowing signatures, records and contracts secured through blockchain technology to be considered in an electronic form and to be an electronic record and signature" and "allow[ing] smart contracts to exist in commerce." Foreigners from more than 90 countries can visit Georgia and stay in the country 365 days a year without a visa. 269, 201718 Leg., Reg. 2019). Inst., Consumer and Investor Advisory on Virtual Currency (2014), available at http://www.ofi.state.la.us/SOCGuidanceVirtualCurrency.pdf (last visited 7/16/2019). Consumer Prot. Proud to be of service to Georgias voters and candidates, the Elections Division of the Secretary of States Office organizes and oversees all election activity, including voter registration, municipal, state, county, and federal elections. Sess. 1393 (NS). 2019 Arkansas Laws Act 1061 (H.B. S.B. 1157, 111th Gen. The bill continues, "This hub would integrate a robust global communications network with connectivity to data centers, content repositories, and hedge computing for the development of next-generation applications such as artificial intelligence, machine learning, augmented reality, big data analytics, smart communities, blockchain, and real-time predictive systems." Cryptocurrency Sess. (Wis. 2019). Sess. See Idaho Department of Finance, Letter Re: Money Transmissions (Dated July 26, 2016), available at http://www.finance.idaho.gov/MoneyTransmitter/Documents/NAOP/Digital%20Currency/2016-07-26.pdf (last visited 10/02/2017). The Illinois House also introduced HB 2540 to create the Blockchain Business Development Act. The bill defines virtual currency as "any type of digital unit that is used as a medium of exchange or a form of digitally stored value or that is incorporated into payment system technology." (Supp. A person shall not engage in business as a cryptovalue creator and distributor or as a cryptovalue exchange without first having obtained a license to do so from the division. If passed, it would also amend the Alaska Uniform Money Services Act to expressly include dealing in virtual currency within its definition of money transmission. 2nd Reg. 2508, 110th Gen. An act stating that, "on or before October 1, 2019, the Department of Administrative Services shall develop and issue a request for proposals to incorporate blockchain technology to make the administration of a department function more efficient." 15, 2019 Leg., 80th Reg. Sess. 2019). Many tokens and coins are offered similar to traditional initial public offerings (IPO). 53-208.42 (West 2019). The Georgia Senate proposed a bill revising Ga. Code Ann. The Georgia prosecutor leading an election interference probe of former President Donald Trump and his allies said Monday she would announce charging decisions in the matter this summer.

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