HB 18-1426

House Bill 18-1426, also known as the Virtual Currency Exemption Money Transmitters Act, is a Colorado law that exempts certain types of digital tokens created on open blockchain networks from being classified as securities under Colorado’s Securities Act. This means these specific digital tokens won’t be subject to the same regulations and requirements as other investment products in the state. The bill affects individuals and companies dealing with virtual currencies and blockchain technology. Since it has been signed into law, this act is now enforceable and impacts how open blockchain tokens are regulated in Colorado.

Official Summary

The bill defines 'open blockchain token' and exempts certain open blockchain tokens from the definition of 'security' for purposes of the 'Colorado Securities Act'. (Note: This summary applies to the reengrossed version of this bill as introduced in the second house.) , Read More

Votes