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Expect Focus Life, Annuity, and Retirement Solutions, October 2019

Carlton Fields Rolls Out Blockchain, Crypto, and Virtual Currency State Legislation Tracker

Blockchain and Digital Currency   |   Cybersecurity and Privacy   |   Financial Services Regulatory   |   Life, Annuity, and Retirement Solutions   |   October 4, 2019
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Since 2010, bitcoin and other decentralized systems have challenged the status quo of financial transactions and their regulation. As the insurance industry, among others, explores their uses for enhancing product innovation, customer service, and back-office efficiency, all levels of government have begun to grapple with the implications of these technologies.

While the federal government has focused primarily on regulating these technologies to prevent fraud and criminal activity, states have focused on enabling their use. State legislatures have, for example, introduced laws to facilitate research and technology, provide clarity as to the legal status of various crypto assets, create new business entities, experiment with new regulations governing the issuance of novel types of investment products, and support new businesses providing products and services using blockchain technology.

Carlton Fields’ Blockchain and Digital Currency Practice has been monitoring these developments and is pleased to offer its “2019 State Blockchain, Crypto and Virtual Currency Legislation Tracker,” a comprehensive list of newly proposed state legislation relating to cryptocurrencies and blockchains. The Tracker identifies any bills proposed in 2019 that touch on cryptocurrencies, virtual currencies, blockchains, decentralized ledger technology, digital assets used for the issuance of securities, statute amendments to facilitate electronic transactions recorded on blockchains, new state tax laws, and more.

The Tracker is updated weekly on the firm’s website.

 


©2019 Carlton Fields, P.A. Carlton Fields practices law in California through Carlton Fields, LLP. Carlton Fields publications should not be construed as legal advice on any specific facts or circumstances. The contents are intended for general information and educational purposes only, and should not be relied on as if it were advice about a particular fact situation. The distribution of this publication is not intended to create, and receipt of it does not constitute, an attorney-client relationship with Carlton Fields. This publication may not be quoted or referred to in any other publication or proceeding without the prior written consent of the firm, to be given or withheld at our discretion. To request reprint permission for any of our publications, please use our Contact Us form via the link below. The views set forth herein are the personal views of the author and do not necessarily reflect those of the firm. This site may contain hypertext links to information created and maintained by other entities. Carlton Fields does not control or guarantee the accuracy or completeness of this outside information, nor is the inclusion of a link to be intended as an endorsement of those outside sites.

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