Many Crypto Exchanges May Now Need Colorado Licenses

Many Crypto Exchanges May Now Need Colorado Licenses

Sep 25, 2018

Article

Co-author, Law360, September 25, 2018

Ever since cryptocurrencies appeared on the scene, states have scrambled to determine whether their money transmission laws and licensure requirements apply to cryptocurrency exchanges. Fewer than half of the 56 states and U.S. territories provide clear direction to virtual currency firms about whether moving cryptocurrencies between virtual wallets requires a money transmitter license. Last week, on Sept. 20, 2018, Colorado joined the minority of jurisdictions with clear guidance on the issue.

Click on the PDF above to read the entire article, published in Law360.

Meet The Team

Tony Arias Associate T 303.223.1281 tarias@bhfs.com
Sarah Auchterlonie Shareholder T 303.223.1228 sja@bhfs.com
Emily R. Garnett Associate T 303.223.1171 egarnett@bhfs.com