Alaska is planning to regulate virtual currencies

alaska virtual currency

In 2023, you will need a new license to operate cryptocurrency in Alaska. The government of Alaska has decided to add virtual cryptocurrencies to its financial and transmission regulations. According to the report of 19th December from the law firm Cooley, Alaska has decided to include virtual currencies within transmission regulations.
According to the amended Local Administrative Code, which has been adopted, a virtual currency is “a digital representation of value that is used as a medium of exchange, unit of account or store of value; and is not money, whether in money marked or not.” This will be included in the definition of permissible investment and monetary value.

This rule will be applicable from 1 January 2023.

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