| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | FIRSTREGULARSESSION | |
| 2 | - | HOUSECOMMITTEESUBSTITUTEFOR | |
| 3 | 2 | HOUSEBILLNO.1136 | |
| 4 | 3 | 103RDGENERALASSEMBLY | |
| 5 | - | 1102H.02C JOSEPHENGLER,ChiefClerk | |
| 4 | + | INTRODUCEDBYREPRESENTATIVEBYRNES. | |
| 5 | + | 1102H.01I JOSEPHENGLER,ChiefClerk | |
| 6 | 6 | ANACT | |
| 7 | 7 | Toamendchapter362,RSMo,byaddingtheretofournewsectionsrelatingtothedigital | |
| 8 | 8 | assetsauthorizationact. | |
| 9 | 9 | BeitenactedbytheGeneralAssemblyofthestateofMissouri,asfollows: | |
| 10 | 10 | SectionA.Chapter362,RSMo,isamendedbyaddingtheretofournewsections,to | |
| 11 | 11 | 2beknownassections362.1125,362.1126,362.1127,and362.1128,toreadasfollows: | |
| 12 | 12 | 362.1125.1.Sections362.1125to362.1128shallbeknownandmaybecitedas | |
| 13 | 13 | 2the"DigitalAssetsAuthorizationAct". | |
| 14 | 14 | 3 2.Asusedinsections362.1125to362.1128,thefollowingtermsmean: | |
| 15 | 15 | 4 (1)"Blockchain",datathatissharedacrossanetworktocreatealedgerof | |
| 16 | 16 | 5verifiedtransactionsorinformationamongnetworkparticipantslinkedusing | |
| 17 | 17 | 6cryptographytomaintaintheintegrityoftheledgerandtoexecuteotherfunctions | |
| 18 | 18 | 7anddistributedamongnetworkparticipantsinanautomatedfashiontoconcurrently | |
| 19 | 19 | 8updatenetworkparticipantsonthestateoftheledgerandanyotherfunctions; | |
| 20 | 20 | 9 (2)"Blockchainprotocol",anexecutablesoftwaredeployedtoablockchain | |
| 21 | 21 | 10composedofsourcecodethatispubliclyavailableandaccessible,includingasmart | |
| 22 | 22 | 11contractoranetworkofsmartcontracts; | |
| 23 | 23 | 12 (3)"Decentralized",asystemornetworkwherenosingleentity,includinga | |
| 24 | 24 | 13publicorprivateentity,holdsunilateralcontroloverthegovernance,transactions,or | |
| 25 | 25 | 14maintenanceoftheledgerandinwhichconsensusisachievedthroughadistributed | |
| 26 | 26 | 15networkofparticipants; | |
| 27 | 27 | 16 (4)"Digitalasset",adecentralizedvirtualcurrency,cryptocurrency,native | |
| 28 | 28 | 17electronicassetincludingadecentralizedstablecoinornonfungibletoken,oranyother | |
| 29 | - | 18digital-onlyassetthatconferseconomic,proprietary,oraccessrightsorpowers.The | |
| 30 | 29 | EXPLANATION—Matterenclosedinbold-facedbrackets[thus] intheabovebillisnotenactedandis | |
| 31 | - | intendedtobeomittedfromthelaw.Matterinbold-facetypeintheabovebillisproposedlanguage. 19termdoesnotincludeacentralbankdigitalcurrencyoranyothergovernment- | |
| 30 | + | intendedtobeomittedfromthelaw.Matterinbold-facetypeintheabovebillisproposedlanguage. 18digital-onlyassetthatconferseconomic,proprietary,oraccessrightsorpowers.The | |
| 31 | + | 19termdoesnotincludeacentralbankdigitalcurrencyoranyothergovernment- | |
| 32 | 32 | 20controlleddigital-onlyasset; | |
| 33 | 33 | 21 (5)"Hardwarewallet",aphysicaldevicethatisnotcontinuouslyconnectedto | |
| 34 | 34 | 22theinternetandallowsanindividualtosecureandtransferadigitalassetandunder | |
| 35 | 35 | 23whichtheownerofthedigitalassetretainsindependentcontroloverthedigitalasset; | |
| 36 | 36 | 24 (6)"Node",acomputationaldevicethatcontainsandupdatesacopyofa | |
| 37 | 37 | 25blockchain; | |
| 38 | - | 26 (7)"Publicinformation",anyinformation,regardlessofformorformat,thata | |
| 39 | - | 27departmentorpoliticalsubdivisionofthestateofMissouridiscloses,disseminates,or | |
| 40 | - | 28makesavailabletothepublic; | |
| 41 | - | 29 (8)"Self-hostedwallet",adigitalinterfaceusedtosecureandtransferadigital | |
| 42 | - | 30assetandunderwhichtheownerofthedigitalassetretainsindependentcontroloverthe | |
| 43 | - | 31digitalasset. | |
| 38 | + | 26 (7)"Self-hostedwallet",adigitalinterfaceusedtosecureandtransferadigital | |
| 39 | + | 27assetandunderwhichtheownerofthedigitalassetretainsindependentcontroloverthe | |
| 40 | + | 28digitalasset. | |
| 44 | 41 | 362.1126.1.ThestateofMissourioramunicipalityshallnotprohibit,restrict, | |
| 45 | 42 | 2orotherwiseimpairtheabilityofanindividualorbusinesstodoeitherofthefollowing: | |
| 46 | 43 | 3 (1)Acceptdigitalassetsasamethodofpaymentforlegalgoodsandservices;or | |
| 47 | 44 | 4 (2)Maintainself-custodyofadigitalassetusingaself-hostedwalletorhardware | |
| 48 | 45 | 5wallet. | |
| 49 | 46 | 6 2.ThestateofMissourioramunicipalityshallnotimposeanyadditionaltax, | |
| 50 | - | 7withholding,assessment, | |
| 47 | + | 7withholding,assessment,orchargeonadigitassetthatisbasedsolelyontheuseofthe | |
| 51 | 48 | 8digitalassetasamethodofpaymenttopurchaselegalgoodsorservices.Nothinginthis | |
| 52 | 49 | 9subsectionshallbeconstruedtoprohibitthestateoramunicipalityfromimposingatax, | |
| 53 | 50 | 10withholding,assessment,orchargeonadigitalassetforapurchaseifthetax, | |
| 54 | 51 | 11withholding,assessment,orchargewouldotherwisebeimposedforthepurchase | |
| 55 | 52 | 12throughtheuseoflegaltenderoftheUnitedStates. | |
| 56 | - | 362.1127. | |
| 53 | + | 362.1127.Itshallbelawfulinthisstatetooperateanodeforthefollowing | |
| 57 | 54 | 2purposes: | |
| 58 | 55 | 3 (1)Connectingtoablockchainprotocoloraprotocolbuiltontopofa | |
| 59 | 56 | 4blockchainprotocol;or | |
| 60 | 57 | 5 (2)Transferringadigitalassetonablockchainprotocol. | |
| 61 | - | 6 2.ItshallbelawfulforthestateofMissouri,itsdepartments,andallpolitical | |
| 62 | - | 7subdivisionsthereintostore,present,utilize,andmaintainpublicinformationona | |
| 63 | - | 8domesticblockchainprotocol. | |
| 64 | 58 | 362.1128.Nothinginsections362.1125to362.1128shallbeconstruedtooverride | |
| 65 | 59 | 2orlimittheapplicabilityofanyofthefollowing: | |
| 66 | 60 | 3 (1)Chapter400,relatingtocommercialcode,includingprovisionsregarding | |
| 67 | 61 | 4transferrableelectronicrecords; | |
| 68 | - | ||
| 62 | + | 5 (2)Sections472.400to472.490,relatingtouniformfiduciaryaccesstodigital | |
| 69 | 63 | 6assets; | |
| 70 | 64 | 7 (3)Sections361.900to361.1035,relatingtotheMissourimoneytransmission | |
| 71 | 65 | 8modernizationact; | |
| 72 | - | 9 (4)Anyotherstatelawprovidingforthelicensingandregulationofvirtual | |
| 66 | + | HB1136 2 9 (4)Anyotherstatelawprovidingforthelicensingandregulationofvirtual | |
| 73 | 67 | 10currencybusinessesandtheprotectionofvirtualcurrencybusinesscustomers;or | |
| 74 | 68 | 11 (5)Anystatelaworregulationthatrequiresthereportinganddisclosureof | |
| 75 | 69 | 12informationregardingsuspectedorattemptedfinancialexploitationorfraud. | |
| 76 | 70 | âś” | |
| 77 | - | ||
| 71 | + | HB1136 3 |