Ms Pamela Martinson

Pamela Martinson

Updates

Banking

Regulation of Virtual Currency Businesses Act: drafting process continues
USA | 11 March 2016

To address the need for uniformity in state regulation of virtual currencies, a drafting committee of the Uniform Law Commission has been working on a proposed uniform state Regulation of Virtual Currency Businesses Act. The committee recently met to discuss a revised draft of the act. The committee's stated mission is to harmonise state-level regulation of virtual currencies in the absence of an overarching federal payments regulatory framework.