Kansas Blockchain Legislation Status

Share this Article
Facebook Icon LinkedIn Icon Twitter Icon

Kansas Cryptocurrency Laws

Regulation of  Kansas Digital Currencies: Cryptocurrency, Bitcoins, Blockchain Technology

Kansas HB 2039
Signed by governor 4/18/19, Chapter 47
The bill creates and amends law related to limited liability companies (LLCs) in the Kansas Revised Limited Liability Company Act (RLLCA), Business Entity Standard Treatment Act (BEST Act), and other statutes, as follows. Requires an LLC to maintain a current record identifying the name and last known business, residence, or mailing address of each member and manager, and to allow the use of electronic networks or databases, including distributed electronic networks or databases, to maintain records. Throughout the bill, provisions are added allowing the use of electronic networks or databases, including distributed electronic networks or databases, for certain electronic transmissions.
Kansas HB 2105
Passed House 2/21/19
Creates and amends law related to limited liability companies (LLCs) in the Kansas Revised Limited Liability Company Act (RLLCA), Business Entity Standard Treatment Act (BEST Act), and other statutes, as follows. Requires an LLC to maintain a current record identifying the name and last known business, residence, or mailing address of each member and manager, and to allow the use of electronic networks or databases, including distributed electronic networks or databases, to maintain records. Throughout the bill, adds provisions allowing the use of electronic networks or databases, including distributed electronic networks or databases, for certain electronic transmissions.

Cryptocurrency and Blockchain

Freeman Law is an innovative thought leader in the cryptocurrency and blockchain space. Blockchain and virtual currency activities take place in a rapidly-evolving regulatory landscape. Freeman Law is dedicated to staying at the forefront as these emerging technologies continue to revolutionize social and economic activities.

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.

 

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 us to schedule a consultation or call (214) 984-3410 to discuss your cryptocurrency and blockchain technology concerns.

Blockchain, Cryptocurrency, and Digital Asset Law