Cryptocurrencies Were Exempted from Securities Category in Colorado

Cryptocurrencies Were Exempted from Securities Category in Colorado

On March 7, 2019, the Colorado Governor signed the Digital Tokens Act. It differentiated cryptocurrencies and securities. Now the issue of coins in this state will not require their subsequent registration in the bodies controlling the securities market.

The value of excluding cryptocurrency from under the securities law is difficult to overestimate. It is worth noting that the act was signed by the governor, the attorney general, members of the state government.

Colorado lawmakers have been working on the law for several months. The popularity of online currencies has grown, creating regulatory uncertainties. Positive regulation cannot be limited to just such an innovation, but Colorado entrepreneurs gained enormous freedom in the use of digital assets.

Not all tokens ceased to be securities. The law defined a good many criteria, including the purpose of their use, the possibility of sale and transfer, and so on.

The community quite happily met the new law. Changpeng Zhao, CEO Binance, called it progress, while the famous crypto enthusiast and entrepreneur Erik Voorhees believes that this is a victory.

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Cryptocurrencies Were Exempted from Securities Category in Colorado
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