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A digital wallet service was letters regarding digital currency businesses on its website. In the Oregon money transmitter by State.

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Is cryptocurrency legal in Illinois? Freeman Law can help with digital currencies and tax compliance. Schedule a free consultation! Amends the Civil Administrative Code of Illinois. Defines "cryptocurrency" and "cryptocurrency mining." Modifies "qualifying Illinois Data center" to include. Permitted use of blockchain. (a) A smart contract, record, or signature may not be denied legal effect or enforceability solely because a blockchain was used.

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Pennsylvania SB Provides for emerging technologies. Washington and West Virginia updated their unclaimed property laws to include virtual currencies. The bill also replaces the term "currency transaction" with "financial transaction" in the factors establishing the offense. Businesses and individuals need up-to-date guidance and insight regarding the tax law and its impact on virtual currency activities at the state, federal, and international levels.