The Colorado Digital Token Act (act) provides limited
exemptions from the securities registration and securities broker-dealer and salesperson licensing requirements for persons dealing in digital tokens. Digital token is defined in the act as a digital unit with specified characteristics that is:
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Secured through a decentralized ledger or database;
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Exchangeable for goods or services; and
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Capable of being traded or transferred between persons without an intermediary or custodian of value.
The bill repeals the act.
