Ask Reggi Your Question Now
Can I collect cryptocurrency information from participants in Montana? What are the requirements?
Montana Cryptocurrency Information Collection Requirements
Based on the provided context documents, there are no specific laws or regulations in Montana that prohibit the collection of cryptocurrency information from participants. However, there are general requirements for the collection of personally identifiable information in Montana.
According to MTCO 2-17-552, a government website operator may not collect personally identifiable information online from a website user unless the operator complies with the provisions of this section. The website operator must ensure that the website identifies who operates the website, provides the address and telephone number at which the operator may be contacted as well as an electronic means for contacting the operator, and generally describes the operator’s information practices, including policies to protect the privacy of the user and the steps taken to protect the security of the collected information.
In addition, if the personally identifiable information may be used for a purpose other than the express purpose of the website or may be given or sold to a third party, except as required by law, then the operator shall ensure that the website includes a clear and conspicuous notice to the user that the information collected could be used for other than the purposes of the website, a general description of the types of third parties that may obtain the information, and a clear, conspicuous, and easily understood online procedure requiring an affirmative expression of the user’s permission before the information is collected.
Therefore, if you plan to collect cryptocurrency information from participants in Montana, you must comply with the requirements for the collection of personally identifiable information in Montana. You must ensure that your website identifies who operates the website, provides the address and telephone number at which the operator may be contacted as well as an electronic means for contacting the operator, and generally describes the operator’s information practices, including policies to protect the privacy of the user and the steps taken to protect the security of the collected information. Additionally, if the cryptocurrency information may be used for a purpose other than the express purpose of the website or may be given or sold to a third party, except as required by law, then you must ensure that your website includes a clear and conspicuous notice to the user that the information collected could be used for other than the purposes of the website, a general description of the types of third parties that may obtain the information, and a clear, conspicuous, and easily understood online procedure requiring an affirmative expression of the user’s permission before the information is collected.
Jurisdiction
Montana