Skip to main content

Model Regulatory Framework for Virtual Currencies

To support the CSBS Policy on State Regulation of Virtual Currency and to promote consistent state regulation of virtual currency activities, CSBS has developed a Model Regulatory Framework ("Model Framework") for state virtual currency regulatory regimes.

Model Regulatory Framework

The Model Regulatory Framework was issued September 15, 2015.

CSBS Policy on State Virtual Currency Regulation

The Conference of State Bank Supervisors (“CSBS”) formed the CSBS Emerging Payments Task Force (“Task Force”) to examine the intersection between state supervision, state law and payments developments, and to identify areas for consistent regulatory approaches among states. This effort included an assessment of virtual currency activities and extensive outreach with a broad range of stakeholders. After engagement with industry participants, state and federal regulators, and other stakeholders, CSBS concluded that activities involving third party control of virtual currency, including for the purposes of transmitting, exchanging, holding, or otherwise controlling virtual currency, should be subject to state licensure and supervision.

Contact Information

For questions, please email Margaret Liu.


Draft Model Regulatory Framework

The Draft Framework was issued on December 16, 2014 with a 60-day comment period.

Public Comments

Recent Posts

Policy
Read the full letter [PDF] The Honorable James Inhofe Chairman, Committee on Armed Services
Jul 1, 2020
Policy
CSBS expresses concern regarding the timing and focus of the request for information issued by the Consumer Financial Protection Bureau to assist the Taskforce on Federal Consumer Financial Law, given the aggravating circumstances of COVID-19.
Jun 1, 2020
Policy
May 4th, 2020 Office of the Comptroller of the Currency Chief Counsel’s Office 400 7th Street, SW, Suite 3E-218 Washington, DC 20219 Docket ID OCC-2019-0024 Re: Licensing Amendments.
May 4, 2020
exit