SB 18-277

Senate Bill 18-277, also known as the Virtual Currency Exemption Money Transmitters Act, is a law that allows companies dealing with virtual currency (like cryptocurrencies) in Colorado to operate without needing a special license or following certain regulations that other money transfer services must follow. This means businesses handling virtual currencies won't have to comply with the same rules as traditional financial institutions when it comes to transferring funds. The bill has been signed into law, so these changes are now officially in effect for companies working with virtual currency in Colorado.

Official Summary

The bill exempts the transmission of virtual currency from regulation under the Colorado 'Money Transmitters Act'. (Note: This summary applies to this bill as introduced.) Read More

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