Montana Passes Bill to Recognize Utility Tokens and Exempt Them From State Securities
Cointelegraph
Published May 24, 2019 02:56PM ET
Montana Passes Bill to Recognize Utility Tokens and Exempt Them From State Securities
The United States State of Montana has recognized utility tokens and exempted them from state securities by passing a new bill. The House bill 584, titled “Generally revise laws relating to cryptocurrency,” was signed by the Governor of Montana Steve Bullock on May 8, according to public documents.
Initiated by State Representative Shane Morigeau, the bill had its first reading in February 2019. The Bill has now passed with 33-15, and is set to come into force starting from July 1.
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Written By: Cointelegraph
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