Tennessee § 9-3-601 [Repealed effective 6/30/2025] Restrictions on payment or conversion of compensation or funds to blockchain, cryptocurrency, non - Fungible tokens, or virtual currency

Tennessee Statutes

§ 9-3-601 — [Repealed effective 6/30/2025] Restrictions on payment or conversion of compensation or funds to blockchain, cryptocurrency, non - Fungible tokens, or virtual currency

Tennessee § 9-3-601

Title9

This text of Tennessee § 9-3-601 ([Repealed effective 6/30/2025] Restrictions on payment or conversion of compensation or funds to blockchain, cryptocurrency, non - Fungible tokens, or virtual currency) is published on Counsel Stack Legal Research, covering Tennessee primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tenn. Code Ann. § 9-3-601 (2026).

Text

(a)Notwithstanding another law to the contrary, a governmental entity shall not pay, compensate, award, or remit funds in the form of, or facilitate directly or indirectly the conversion of compensation or funds to, blockchain, cryptocurrency, non-fungible tokens, or virtual currency to an individual person, corporation, or other entity without the prior written approval of the state treasurer.

(b)A governmental entity shall not procure services for the performance of the actions prohibited by subsection (a) without the prior written approval of the state treasurer.

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(a) Notwithstanding another law to the contrary, a governmental entity shall not pay, compensate, award, or remit funds in the form of, or facilitate directly or indirectly the conversion of compensation or funds to, blockchain, cryptocurrency, non-fungible tokens, or virtual currency to an individual person, corporation, or other entity without the prior written approval of the state treasurer. (b) A governmental entity shall not procure services for the performance of the actions prohibited by subsection (a) without the prior written approval of the state treasurer.