HB18-1220

HB18-1220 - Bitcoin Dealers Licensed As Money Transmitters

Postponed Indefinitely
Concerning a requirement that persons who deal in cryptocurrency be regulated under the laws regulating money transmitters.

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.)

 

Latest update: April 30, 2018
04/30/2018 - Senate Committee on Business, Labor, & Technology Postpone Indefinitely
04/23/2018 - Introduced In Senate - Assigned to Business, Labor, & Technology
04/20/2018 - House Third Reading Passed - No Amendments
04/19/2018 - House Second Reading Special Order - Passed with Amendments - Committee
04/18/2018 - House Committee on Finance Refer Unamended to House Committee of the Whole
04/12/2018 - House Committee on Business Affairs and Labor Refer Amended to Finance
02/05/2018 - Introduced In House - Assigned to Business Affairs and Labor + Finance