The Proposed Regulation Sets Forth Process for Department to Assess Operating Costs for Virtual Currency Businesses, On Par with Regulated Banking and Insurance Entities
In August 2020, Louisiana adopted the Virtual Currency Businesses Act (VCBA) to regulate virtual currency activity in the state. In doing so, it joined New York as only the second US state
Louisiana Office for Financial Institutions OFI has proposed Virtual Currency Business Act administrative rules governing the licensing process for virtual currency businesses: covers regulation, registration and maintenance of licensure and allows OFI examination of reports