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MS HB1152
Bill
Status
2/1/2022
Primary Sponsor
Jody Steverson
Click for details
AI Summary
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Defines "virtual currency" as any digital representation of value used as a medium of exchange, unit of account, or store of value that is not recognized as legal tender by the United States government
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Exempts virtual currency transactions from Mississippi Money Transmitters Act licensing requirements, including buying, selling, issuing, or taking custody of payment instruments or stored value in virtual currency form
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Exempts receiving virtual currency for transmission to locations within or outside the United States from money transmitter regulations
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Amends Section 75-15-3 and Section 75-15-7 of the Mississippi Code of 1972 to incorporate these virtual currency definitions and exemptions
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Effective date of July 1, 2022
Legislative Description
Virtual currency; define and provide certain trade/commerce exemptions for.
Last Action
Died In Committee
2/1/2022