Category: Alabama

As of 2024, the state of Alabama requires a license for selling or issuing payment instruments, stored value, or receiving money or monetary value for transmission. This mandate encompasses both virtual and fiat currencies. Under Alabama law, “monetary value” is defined as a medium of exchange, including virtual or...

The landscape of cryptocurrency legislation in Alabama before 2023 presents a unique insight into how individual U.S. states approached the burgeoning world of digital currencies. Alabama, like many of its counterparts, faced the challenge of balancing innovation with consumer protection in an area that was rapidly evolving and largely...