stateframework2-0

State Digital Currency Principles and Framework

How lawmakers can protect digital currency consumers without harming innovation. 

States have begun to look at how digital currencies, such as Bitcoin, and the businesses that utilize them to provide consumer products, interact with money transmission and consumer protection policy. This report offers model language for a sui generis statute or implementing regulation. It is not a draft or model bill in full. Instead, language is offered for the essential components of any digital currency law: who must be licensed, how are start-ups encouraged, how is solvency guaranteed, etc.. This report can also be used as an aid in the process of amending existing money transmission statutes, particularly where simple amendments to definitions could prove vague and under- or over-inclusive.

A direct download of this report is available here

Version 2.0 Updated March 8, 2017.

Based in Washington, D.C., Coin Center is the leading non-profit research and advocacy center focused on the public policy issues facing cryptocurrency and decentralized computing technologies like Bitcoin and Ethereum. Our mission is to build a better understanding of these technologies and to promote a regulatory climate that preserves the freedom to innovate using permisionless blockchain technologies.