Colorado Cryptocurrency Laws
Regulation of Colorado Digital Currencies: Cryptocurrency, Bitcoins, Blockchain Technology
| Colorado | HB 1247 Signed by governor 5/30/19, Chapter 375 |
The bill directs the commissioner of agriculture to convene an advisory group to study the potential applications for blockchain technology in agricultural operations and to report to the General Assembly in 2020 with its findings and recommendations for legislation, if any. The advisory group is subject to repeal July 1, 2020. |
| Colorado | SB 184 Postponed indefinitely 3/21/19 |
The bill directs the Colorado Water Institute at Colorado State University to study the potential uses of blockchain technology to manage a database of water rights; facilitate the establishment or operation of water markets or water banks, and for any other useful purpose in the administration of the institute’s powers and duties; and report the results to the General Assembly. |
Blockchain Information & Resources:
- Anti-Collusion | What Is Obfuscation?
- Blockchain Attacks: Is No One Safe in the World of Cryptocurrencies?
- Blockchain Technology Explained: What is Blockchain and How Does It Work?
- Digital Currency Transmission Laws and Regulations by State
- Hard and Soft Forks: A Detailed and Simplified Explanation of How Blockchains Evolved
- Legal Issues around Cryptocurrency
- Merkle Trees
- Permissioned and Permissionless Blockchains
See More Information on Blockchain
Digital Currency
Virtual and cryptocurrencies are built on blockchain technology—a technological innovation that allows for a distributed, decentralized digital ledger generally built upon cryptographic mechanisms and complex consensus protocols. From a legal perspective, many of the tax, regulatory, and other legal issues associated with blockchain technology and cryptocurrency require an understanding of this underlying technology.
Is cryptocurrency legal in Colorado?
Have Cryptocurrency or Blockchain issues or questions?
Freeman Law is dedicated to staying at the forefront as these emerging technologies continue to revolutionize social and economic activities. Contact Freeman Law to schedule a consultation or call (214) 984-3410 to discuss your cryptocurrency and blockchain technology concerns.
