How Likely is Uniform State Regulation for Blockchain Businesses?

Ms. Salehpour has authored an article published in Blockchain Beach that discusses the Uniform Regulation of Virtual-Currency Businesses Act. In July 2017, the Uniform Law Commission (“ULC”), a non-profit which was established in 1892 to provide states with drafts of uniform state laws in areas in which uniformity would be appropriate, created a uniform model law called the Uniform Regulation of Virtual-Currency Businesses Act (the “Act”) to provide a consistent framework across states for regulation of entities providing products or services that constitute “virtual currency business activity.” ULC proposed uniform laws have no effect until adopted by each state’s legislative body, but, thr

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