Uniform Law Commission Sets Date for Debate on Digital Currency Rules – CoinDesk

The Uniform Law Commission (ULC) is set to review outstanding issues with its model digital currency regulation at an upcoming annual meeting.

Tasked with considering uniform state legislation for alternative and mobile payment systems, the ULC has been focusing on digital currencies as part of its mandate to create consistency among US state laws for some time now.

As such, the issues, outlined in a recent memo showcase how much work and deliberation may be left before the model regulation is published and made available as a guide to state lawmakers.

Among the issues remaining include the definition of ‘permissible investments’ startups are allowed to keep on the books, and the definition of the term ‘bank’.

More at: Uniform Law Commission Sets Date for Debate on Digital Currency Rules – CoinDesk

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