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Bill > HB1247
MO HB1247
MO HB1247Requires the state and political subdivisions thereof to accept virtual currency as legal tender.
summary
Introduced
03/01/2019
03/01/2019
In Committee
05/17/2019
05/17/2019
Crossed Over
Passed
Dead
05/17/2019
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)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.house.mo.gov/Bill.aspx?bill=HB1247&year=2019&code=R |
| Bill | https://www.house.mo.gov/billtracking/bills191/hlrbillspdf/2267H.01I.pdf |
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