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Can I collect cryptocurrency information from participants in Colorado? What are the requirements?
Colorado Rules Regarding Electronic Transactions by Colorado Governmental Agencies
According to the Colorado Rules Regarding Electronic Transactions by Colorado Governmental Agencies [1.1], electronic transactions between Colorado governmental agencies and participants are allowed. However, the electronic transactions must employ a technology authorized by the Policy Authority, which is the Governor’s Office of Information Technology. The Policy Authority will authorize technologies for use by Colorado governmental agencies in electronic transactions. Electronic transactions with Colorado governmental agencies must employ a technology authorized by the Policy Authority. The Policy Authority will review and authorize the use of technologies for electronic transactions by Colorado governmental agencies. Any person may petition the Policy Authority to review a technology for use in electronic transactions by providing a written request for review. The petition must include a full explanation of the technology and show that it meets the security requirements and any additional applicable requirements established by the Policy Authority. The Policy Authority has one hundred twenty (120) days from the date of receipt of the petition to review and to accept or reject the petition. If the Policy Authority finds that the petitioner’s proposed technology meets the security requirements and any additional applicable requirements, the Policy Authority will authorize use of the technology by Colorado governmental agencies. If the proposed technology is rejected, the petitioner may appeal the decision through the Administrative Procedure Act, CRS 24-4-101 et seq.
Conclusion
Based on the information provided in the context documents, it is unclear whether collecting cryptocurrency information from participants in Colorado is allowed or not. Therefore, we cannot provide a definitive answer to your query.
Source(s):
Jurisdiction
Colorado