H 1247
An Act relative to preventing fraud and establishing regulations on certain virtual currencies
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- Passed House
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill aims to address fraud and establish regulations surrounding virtual currencies in Massachusetts. It seeks to protect consumers and investors by creating a framework for overseeing these digital assets and preventing illicit activities. The legislation intends to clarify legal definitions, establish licensing requirements for virtual currency businesses, and provide mechanisms for addressing fraud and disputes. Ultimately, the goal is to foster a more secure and transparent virtual currency market within the state.
Sponsors
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Primary sponsor
Cosponsors
Aaron L. Saunders
Adrian C. Madaro
Brian W. Murray
Bruce E. Tarr
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