TechFlow news: A bill has been introduced in New Jersey, USA, that would classify all cryptocurrencies directly issued and sold to institutional investors as securities. Under the proposed rules, virtual currencies issued and sold directly to institutional investors would be subject to the state's Uniform Securities Act and any regulations adopted by the Division of Consumer Affairs' Bureau of Securities to implement the purposes of the bill.
The bill has been submitted to the Assembly Financial Institutions and Insurance Committee, which will review it and hold hearings to solicit public input. If the committee approves the bill, it will be sent to the full legislature for a vote.
Add to Favorites
Share to Social Media
