![]() Wyoming has emerged as one of the most crypto-friendly jurisdictions in the United States. It also exempts "Open Blockchain Tokens" from security and money transmission laws. The law expressly permits corporations to trade corporate stock on the blockchain so long as the stock ledgers serves three functions: (1) to enable the corporation to prepare the list of stockholders, (2) to record information, and (3) to record transfers of stock. In February 2017, the Minnesota House of Representatives introduced a bill that would amend the Minnesota Unclaimed Property Act to explicitly include virtual currency as property. (j) Any other related topic which the commission may choose to examine in relation to blockchain or cryptocurrencies. See Office of the Commissioner of Financial Regulation, Virtual Currencies: Risks for Buying, Selling, Transacting, and Investing - Advisory Notice 14-01, (April 24, 2014), available at (last visited ). ![]() ![]() During this same month, the House also introduced a bill that "changes the law regarding the issuance of stock by corporations." Virtual currency is explicitly included in the definition of "property" in Utah's Revised Uniform Unclaimed Property Act.
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