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Fantom metamask | The Idaho Department of Finance, through an opinion letter in March , stated that the business models which their "exchange margin trading and or lending is strictly limited to digital assets" that "cannot be withdrawn or exchanged for fiat currency" are not subject to the requirement of licensure under the Idaho Money Transmitter Act. This would allow the bureau of Consumer Credit Protection the ability to regulate transmission of digital currencies. With respect to the collection of sales and use tax, a person is a "marketplace facilitator" if that person provides, "a virtual currency that buyers are allowed or required to use to purchase products from the seller. With respect to money transmission laws, "[g]enerally, the Uniform Regulation of Virtual-Currency Businesses Act requires persons engaged in certain business activity involving virtual currency to obtain a license from or register with the Department of Business and Industry. The Hawaii Senate introduced SB which would adopt a version of the Uniform Law Commission's Regulation of Virtual Currency Businesses Act that excludes the State's capital funds requirement, but the proposed law appears to have stalled within the State's legislature. Court, th Sess. Accordingly, because of federal supremacy, Wyoming's statute does not give complete safe harbor to issuers of "Utility Tokens. |
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U.S. Crypto Regulation Endgame???Chamber of Digital Commerce INTERVIEWIn , the state legislature passed the Utility Token Bill, pursuant to which 'utility tokens' are exempted from state securities laws, and a. Delaware. 5 Del. C. � requires a license for the undefined phrase �engage in the business of receiving money for transmission or. Delaware has no cryptocurrency-specific laws, but cryptocurrency may be encompassed in existing money transmission statutes. 5 DE Code � states that �No person.