Lawmakers in Alaska seek to license digital currency businesses

posted 5 months ago
Lawmakers in Alaska are seeking regulatory changes that would require certain digital currency services that work in to state to obtain money transmission licenses.

House Bill 180 will potentially bring companies that exchange, store or transmit digital currencies like bitcoin on behalf of a customer under the state’s money transmission laws. If approved, relevant companies would need to apply for license with the state’s Banking and Securities Commission.

The proposed legislation includes an expanded definition of "virtual currency", including both decentralized and centralized varieties, and covering "open-source, math-based, peer-to-peer- virtual currency" in particular.
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