Can I collect cryptocurrency information from participants in New Mexico? What are the requirements?

Based on the provided context, it appears that there are no specific laws or regulations in New Mexico regarding the collection of cryptocurrency information from participants. However, there are general requirements for the storage and protection of personal identifying information of New Mexico residents, as outlined in 57-12C-4 NMSA and 57-12C-5 NMSA.

If you plan to collect personal identifying information, including cryptocurrency information, of New Mexico residents, you must implement and maintain reasonable security procedures and practices appropriate to the nature of the information to protect it from unauthorized access, destruction, use, modification, or disclosure. You must also arrange for proper disposal of the records when they are no longer reasonably needed for business purposes, as outlined in 57-12C-3 NMSA.

Additionally, if you are collecting this information as part of a business that requires a license, such as a real estate broker’s license, you may be required to undergo a background check, including fingerprinting, as outlined in 16.61.7.8 NMAC.

It is important to note that the New Mexico Uniform Securities Act contains provisions regarding the confidentiality of certain records obtained by the director or filed pursuant to the act, as outlined in 58-6-607 NMSA.

Overall, while there are no specific laws or regulations regarding the collection of cryptocurrency information from participants in New Mexico, you must ensure that you are complying with general requirements for the protection of personal identifying information and any applicable licensing requirements.

[57-12C-3 NMSA][57-12C-4 NMSA][57-12C-5 NMSA][16.61.7.8 NMAC][58-6-607 NMSA]

Jurisdiction

New Mexico

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