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Assemblywoman Introduces Digital Asset and Blockchain Technology Act

New Jersey just became one of the first states to propose legislation around crypto companies. According to a new bill, cryptocurrency businesses must now obtain a proper license to operate.

Assemblywoman Introduces Digital Asset and Blockchain Technology Act
Digital Asset and Blockchain Technology Act

Assemblywoman Yvonne Lopez proposed the Digital Asset and Blockchain Technology Act on Feb. 20. The legislation would establish new requirements for virtual currency businesses and create consumer-friendly protections by requiring crypto firms to disclose their legally registered names, Anti-Money Laundering (AML) and Anti-Terrorist Financing (ATF) policies, and their licensing and legal history to the State of New Jersey’s Department of Banking and Insurance. Read More...

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