Technology
The Uniform Regulation of Virtual-Currency Business Act: Advancing State Regulatory Interests in a Truly Cashless Economy
Americans are engaging in increasingly fewer cash transactions, opting instead to use fast and secure electronic and digital transaction tools such as debit and credit cards, online banking portals, and Apple Pay. These services, combined with the widespread use of direct deposit, are advancing the evolution of a cashless economy that is unencumbered by the practical constraints of physical currency.