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Legislation


Ohio has become the latest U.S. state to legally recognize data stored and transacted on blockchain. The news comes after lawmakers from the state introduced a bill in May that sought to treat blockchain data and smart contracts as electronic records in a bid to provide safe harbor for the emerging technology. Part of the wording …

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Michael J. Casey is the chairman of CoinDesk’s advisory board and a senior advisor for blockchain research at MIT’s Digital Currency Initiative. The following article originally appeared in CoinDesk Weekly, a custom-curated newsletter delivered every Sunday exclusively to our subscribers. Progress? Judging from the most eye-catching headlines from two separate hearings on Capitol Hill Wednesday, …

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Malta has taken a significant step toward becoming a “Blockchain Island.” Announced Tuesday by Silvio Schembri – a Maltese Member of Parliament and the parliamentary secretary responsible for financial services, digital economy and innovation – the island nation’s parliament has passed three bills regarding cryptocurrencies, blockchain and distributed ledger technology (DLT) marking it as one …

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Vermont’s governor has signed a bill allowing for the creation of so-called “blockchain-based limited liability companies,” public records show. CoinDesk reported in January that state lawmakers were weighing the measure, which at the time referred to “digital currency limited liability companies” and contained language indicating that such businesses – effectively running on a distributed blockchain …

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California could become the next U.S. state that allows companies to store data – including information about stockholders – on a blockchain. Bill 838 was first introduced by Senator Robert Hertzberg in January, but public filings show that the measure has picked up steam in recent days. The State Senate’s Banking and Financial Institutions Committee referred the …

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For over two years, Coinbase users in Wyoming have been unable access their cryptocurrency. “I’d venture to guess I lost $100,000 to this bullshit law,” one resident complained on Reddit. It was out of the blue, too, when in June 2015 the U.S.-based exchange suddenly suspended services for Wyoming residents. This was after state regulators …

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Andrea Tinianow, Esq. is chief innovation officer at Global Kompass Strategies and was, until January, head of the Delaware Blockchain Initiative. David Adlerstein is a corporate attorney at Wachtell, Lipton, Rosen & Katz.   The views expressed in this article are solely those of the authors. Over many decades, the State of Delaware has established …

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A Philippines lawmaker is seeking to speed up the passage of legislation that would increase the penalties for crimes involving cryptocurrencies. Leila M. de Lima, a Philippines’ opposition senator, urged her colleagues in the legislative house on Monday to allow “swift passage” of bills she has previously introduced proposing to raise penalties for crypto crimes to …

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Arizona corporations can now hold and share data on a blockchain following the signing of new legislation into law by the U.S. state’s governor. The bill, first introduced by Representative Jeff Weninger, amends the Arizona Revised Statutes to recognize data written and stored on systems using the technology, as previously reported. Governor Doug Ducey signed the …

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A proposal to allow residents in the U.S. state of Georgia to pay their taxes in cryptocurrency has stalled – at least for now. Put forward in February, Senate Bill 464 would, if passed, mandate that the state’s revenue office accept bitcoin and other cryptocurrencies as a form of payment. Yet according to Senator Mike …

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Blockchain technology is driving economic transformation and Liechtenstein wants to be in the front seat, according to the country’s prime minister. As such, the Liechtenstein government has set out to create “sensible,” comprehensive blockchain legislation to create a legal environment that’s conducive to innovation and light on regulation. While other nations have steadily introduced blockchain …

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A proposed law that would put in place protections for operators of blockchain network nodes is inching closer toward passage, public records show. House Bill 2602, sponsored by Representative Jeff Weninger, received “do pass” recommendations from the State Senate Rules Committee and the Committee of the Whole last week, setting the measure up for a vote …

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Filipinos face heavier sentences for crimes involving cryptocurrencies if a proposed new bill is passed into law. According to a press release from the Philippines Senate on Mar. 13, opposition senator Leila M. de Lima has filed a bill – SB 1694 – to the country’s legislative house, seeking to raise penalties for crimes involving cryptocurrencies …

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A measure to bar public retirement funds from investing in cryptocurrencies is moving ahead in the Tennessee Senate. As previously reported, twin bills filed in January would block the trustees of public, post-retirement benefit funds from making such investments. On March 6, the Tennessee Senate Ways and Means Committee cleared the measure by a 10-0 …

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In our Expert Takes, opinion leaders from inside and outside the crypto industry express their views, share their experience and give professional advice. Expert Takes cover everything from Blockchain technology and ICO funding to taxation, regulation and cryptocurrency adoption by different sectors of the economy. If you would like to contribute an Expert Take, please …

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Wyoming’s state legislature has cleared a bill that creates exemptions for certain types of crypto assets from securities laws, with the measure now going to Governor Matt Mead’s for final approval. The bill passed by a vote of 27-3, public records show, with no senators abstaining. The final vote on the bill was originally expected to take place …

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Legislators in Illinois are weighing a proposal to allow residents in the state to pay their taxes in cryptocurrency. With the move, Illinois joins a growing list of U.S. states that are considering such measures, and the bill – filed in February and previously unreported – marks the third effort of its kind to emerge …

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Lawmakers in Mexico have reportedly advanced a bill that was drafted to regulate fintech, including cryptocurrencies, in the country. According to Reuters, the bill was passed by Mexico’s Chamber of Deputies, the lower house of its legislature, on Thursday and currently is pending signature from Mexico’s President Enrique Pena Nieto before it goes into effect as …

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Lewis Cohen is a partner at Hogan Lovells, Caitlin Long is a co-founder of the Wyoming Blockchain Coalition, Rich Slater is an attorney and registered agent in Cheyenne, and Andrea Tinianow is the chief innovation officer for Global Kompass Strategies. The views here are those of the authors. This article is not legal or investment …

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Perianne Boring is the founder and president, and Amy Kim is the global policy director and general counsel, of the Chamber of Digital Commerce, the world’s leading trade association representing the blockchain industry. John Hancock’s signature is easily the most recognizable among the signers of the Declaration of Independence of the United States. As the …

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