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Expert Analysis

Many Crypto Exchanges May Now Need Colorado Licenses

By Sarah Auchterlonie, Emily Garnett and Tony Arias (September 25, 2018, 3:27 PM EDT) -- Ever since cryptocurrencies appeared on the scene, states have scrambled to determine whether their money transmission laws and licensure requirements apply to cryptocurrency exchanges. Fewer than half of the 56 states and U.S. territories provide clear direction to virtual currency firms about whether moving cryptocurrencies between virtual wallets requires a money transmitter license. Last week, on Sept. 20, 2018, Colorado joined the minority of jurisdictions with clear guidance on the issue....

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