Bill > A2371

This bill, the "Digital Asset and Blockchain Technology Act," is to be administered by the Bureau of Securities in the Division of Consumer Affairs in the Department of Law and Public Safety. It applies to digital asset business activity within New Jersey, directed toward persons in New Jersey, or directed from New Jersey. The bill defines key terms like "digital asset," "digital asset business," and "virtual currency," and requires a license to engage in certain digital asset business activities. The bill outlines the application and renewal process, the Bureau's authority to grant or deny licenses, and provisions for suspending or revoking licenses. It also includes requirements for disclosures, record-keeping, and compliance policies by licensees.

Budget and Finance, Business and Industry

https://www.njleg.state.nj.us/bill-search/2022/A2371