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IN SR0009
Resolution
AI Summary
- Urges the Legislative Council to assign a study committee to consider enacting the Uniform Regulation of Virtual Currency Businesses Act or similar virtual currency regulation in Indiana
- Recognizes that individuals and businesses buying, selling, and storing virtual currencies are largely unregulated, raising concerns about security, insolvency, theft, and hacking
- References the Uniform Law Commission's model act as a framework for regulating businesses engaged in virtual currency activity
- Introduced January 3, 2019; reported favorably by the Senate Committee on Insurance and Financial Institutions on February 7, 2019 with an 8-0 vote
- Sponsored by Senators Koch, Bassler, Ruckelshaus, and Ford J.D.
Legislative Description
A SENATE RESOLUTION urging the Legislative Council to assign to an appropriate study committee the task of considering the enactment of the Uniform Regulation of Virtual Currency Businesses Act or other virtual currency regulation in the State of Indiana.
Last Action
Second reading: adopted voice vote
2/11/2019
Committee Referrals
Insurance & Financial Institutions1/3/2019
Full Bill Text
No bill text available