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Bill > HB1247


MO HB1247

MO HB1247
Requires the state and political subdivisions thereof to accept virtual currency as legal tender.


summary

Introduced
03/01/2019
In Committee
05/17/2019
Crossed Over
Passed
Dead
05/17/2019

Introduced Session

2019 Regular Session

Bill Summary

Requires the state and political subdivisions thereof to accept virtual currency as legal tender.

AI Summary

This bill requires the state of Missouri and all its political subdivisions to accept virtual currency as legal tender. If the state or a political subdivision's software, hardware, or other equipment is not capable of accepting virtual currency, they must upgrade or improve their equipment to do so. The bill defines "virtual currency" as any digital money in an unregulated environment that is issued and controlled by its developers and used as a payment method among members of a specific virtual community. The state and its political subdivisions may make reasonable regulations regarding the types of virtual currency they accept, based on the capability of their technology or the degree to which a particular virtual currency is used, accepted, and regarded in the marketplace.

Committee Categories

Business and Industry

Sponsors (1)

Last Action

Referred: Financial Institutions(H) (on 05/17/2019)

bill text


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