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

Collecting Cryptocurrency Information from Participants in Pennsylvania

If you are planning to collect cryptocurrency information from participants in Pennsylvania, you may need to comply with certain filing requirements and obtain necessary licenses and permits.

Filing Requirements

According to 10 PACO Section 603.011, documents and other communications to be filed with the Department shall be filed in the Harrisburg office of the Department. If mailed, all documents and communications shall be sent registered or certified mail, postage prepaid, return receipt requested. The Department will consider a completed and properly executed document or communication to be filed on receipt.

Licenses and Permits

It is important to note that certain licenses and permits may be required to collect cryptocurrency information from participants in Pennsylvania. For instance, each applicant for a principal license, key employee license or gaming employee occupation permit shall consent to a background investigation to be conducted by the bureau and submit to fingerprinting by the Pennsylvania State Police or an authorized agent of the Pennsylvania State Police, according to 4 PACS 13C24.

Notices

Notices related to regulatory authority are published in the Pennsylvania Bulletin, according to 12 PACO Section 2.5.

Submission of Fingerprints and Photographs

Appointees, employees and prospective employees engaged in the service of the commissions or the board and applicants under this part shall submit to fingerprinting and photographing by the Pennsylvania State Police or by a local law enforcement agency capable of submitting fingerprints and photographs electronically to the Pennsylvania State Police utilizing the Integrated Automated Fingerprint Identification System and the Commonwealth Photo Imaging Network or in a manner and in such form as may be provided by the Pennsylvania State Police, according to 4 PACS 1802.

It is important to consult with a legal professional to ensure compliance with all relevant laws and regulations.

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Source(s):
Jurisdiction

Pennsylvania