PHOENIX — Whether through crowdfunding or the launch of a new cryptocurrency, fundraisers seeking investors will have new rules and regulations to work under in Arizona.
Rep. Jeff Weninger (R-Chandler) has introduced a slate of bills that collectively update the way in which state government looks at new e-commerce technologies like crowdfunding, Initial Coin Offerings (ICOs), cryptocurrency mining and blockchains.
If any of that sounds new and unfamiliar, that’s because it is — these represent some of the newest advances in how virtual data is processed and money is exchanged.
