The Essential Cryptocurrency Laws By State
Now that you've decided to enter the world of cryptocurrencies, you need to do your research. Becoming a member of this new phenomenon is exciting and risky. You can earn and lose a lot of money quickly, depending on how you proceed.
One essential thing to look at before you start is the cryptocurrency laws in your state. Doing so will protect you and your wallet in the long run. Take a few minutes to review these cryptocurrency laws by state.
Let's get into it!
The Legality of Cryptocurrency Use
Cryptocurrency laws by state vary in terms of the legality of cryptocurrency use. Currently, only a handful of states are proactively regulating the use of cryptocurrencies.
New York, for example, has created BitLicense, which regulates blockchain companies that provide money transm...