ABA Delegates OK Draft of Uniform Law on Virtual Currency - Articles

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Posted by: Barry Kolar on Feb 9, 2018

Delegates meeting at the ABA Midyear Meeting in Vancouver approved a draft uniform law regarding virtual currency businesses, the ABA Journal reports. Many involved with cryptocurrency “are not enamored much in the way of regulation,” according to Fred Miller, the chair of the committee at the National Conference of Commissioners on Uniform State Laws that drafted the legislation. He says, however, that there is near unanimity from advocates, business people and lawyers regarding the need for this type of legislation. “We wanted to allow some regulation and allow some experimentation and innovation as well."