According to a document published March 6, Colorado Governor Jared S. Polis signed the Colorado State Digital Tokens Act.
This law was originally proposed in January and promoted at the state Senate level by Republican Jack Tate and Democrat Steve Fenberg. The law provides for limited exceptions for registration of securities and traders, as well as licensing requirements for sellers working with digital tokens.
In this document, a “digital token” is defined as “a digital unit with certain characteristics, protected by a decentral ledger or database, subject to exchange for goods or services and capable of being sold or transferred between persons without an intermediary or value custodian”.
Earlier this month, Senator Jack Tate (R), along with representatives of Janie James Arndt (D) and Mark Kathleen (R), submitted a bill that instructs the Colorado Institute of Water Resources at the University of Colorado to study the potential implementation of the blockchain for managing the water rights database.
In February of this year, we reported that two bills relating to the blockchain were passed in Wyoming, USA.
