US States Can’t Decide on Nationwide Regulations for Virtual Currencies

A well-known US based law firm has recently published a circular noting all US states individual regulations on virtual currency and blockchain technologies. Many states in the US have not yet implemented adequate regulations for virtual currency operators whereby the main service line is handling and trading cryptocurrencies.

Some more organised states have distributed some basic guidance for traders and other regulatory information regarding whether virtual currencies count as a legitimate form of legal tender in the US and overseas.