US Law Commission to Debate Model Digital Currency Bill in DC
The Uniform Law Commission (ULC), a nonprofit dedicated to creating consistency among US state laws, is set to discuss a draft version of a model law meant to guide states in the formation of regulation for virtual currencies such as bitcoin this week. Set to take place from 9th to 11th October at the Hyatt Regency in Washington, DC, the three-day event will bring together the ULC's Study Committee on Alternative and Mobile Payment Systems for discussions on specifics of the bill's current provisions, including its recommendations to state legislatures on capital requirements and the cost....
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