Category: Vermont

As of 2024, Vermont has taken a notable approach towards cryptocurrency and blockchain technology, reflecting a blend of innovation-friendly policies and clear legal categorization. 1. Legal Categorization of Cryptocurrency: In Vermont, cryptocurrency is legally categorized as property instead of currency. Under the Vermont Money Services Act (VMSA), “virtual currency”...

As the landscape of digital currencies expanded rapidly worldwide, Vermont, a state known for its progressive and innovative policies, embarked on a nuanced journey to address the complexities of cryptocurrency legislation prior to 2023. Vermont’s approach to this emerging technology and financial medium was characterized by an effort to...