law360 stacked 3 New Jersey lawmakers approve bills regulating cryptocurrency

New Jersey lawmakers approve bills regulating cryptocurrency

-The Assembly Financial Institutions and Insurance Committee in New Jersey has advanced A.B. 2371, known as the Digital Asset and Blockchain Technology Act.
-The act would require licenses for digital asset business activities.
-A.B. 1975, known as the Virtual Currency and Blockchain Regulation Act, was also advanced by the committee.
-The act establishes a framework for virtual currency businesses.
-In urging her fellow committee members to support the bills, Assemblywoman Annette Quijano, D-Union, said the proposed licensing system could serve as a national model.
-However, some lawmakers questioned the lack of testimony about setting up a regulatory framework.

 

 

law360 stacked New Jersey lawmakers approve bills regulating cryptocurrency
New Jersey lawmakers approve bills regulating cryptocurrency 3

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