Tag Archives: Wyoming

Wyoming Introduces a Bill Aiming to Define Virtual Currencies as Money

A bill meant to clarify the classification of cryptocurrencies has been introduced in the U.S. state of Wyoming Jan. 18, according to the official state legislature website. The bill places crypto assets into three categories: digital consumer assets, digital securities and virtual currencies. The bill defines assets falling in any of those three categories as intangible personal property… Read More »

Wyoming Looks Determined to Legalize Bitcoin as Money

Wyoming is introducing a bill that will put cryptocurrency like Bitcoin on the same legal footing as money. The bill will also provide a precise classification of digital assets, especially for custody administration. Cryptocurrency to Have the Same Legal Status as Money Sponsored by Sen. Tara Nethercott (R-WY) along with five other state Senators and Representatives, the proposed… Read More »

Wyoming Introduces Bill Permitting Tokenization of Stocks

A bill allowing corporations to issue blockchain-based tokens that represent stocks was introduced in Wyoming on Jan. 16, according to the official state legislature site. House Bill 185 is sponsored by Representatives Olsen, Brown, Hunt, Lindholm, Western and Zwonitzer and Senators Driskill and Rothfuss. If passed, the bill will become effective on July 1, 2019. The current draft… Read More »

Wyoming Blockchain Bill Proposes Issuance of Tokenized Stock Certificates

Lawmakers from the U.S. state of Wyoming have introduced legislation that would allow the issuance of tokenized stock certificates using blockchain tech. On Wednesday, representative Jared Olsen (Republican), along with senator Chris Rothfuss (Democratic) and six other Republican representatives jointly filed House Bill 0185, titled “Corporate stock-certificate tokens,” proposing an amendment that would permit the use of tokenized digital… Read More »

Wyoming Lawmakers Advance Blockchain ‘Sandbox’ Bill

The Cowboy State is continuing its efforts to welcome blockchain and crypto startups, most recently by approving a bill to let blockchain startups to operate within a regulatory “sandbox” for a legislative vote. The Wyoming House Committee on Minerals, Business and Economic Development unanimously approved its financial technology sandbox bill on Friday. The bill, if passed into law,… Read More »

Cardano Moving To Wyoming As New Governor Praises Blockchain

Mark Gordon, incoming 33rd Governor of Wyoming gave a shout out to the local Blockchain industry during his inauguration speech. He highlighted the approach of startups like BeefChain and SheepChain as an example of how Wyoming leads the nation while already attracting other businesses to the state such as IOHK’s Cardano.  We Can Do More… In Wyoming Governor… Read More »

United States: Wyoming Targets Land Records in Blockchain Project With Overstock

Wyoming has continued its blockchain integration via a new partnership with online retailer Overstock targeting land records, a press release confirmed Dec. 20. Signing a Memorandum of Understanding (MoU) with administrators in Teton County, Overstock subsidiary Medici Land Governance will seek to develop and release a “blockchain-based land records and information platform” next year. “We are proud to… Read More »

Wyoming Passes Blockchain Bank Bill Despite Industry Opposition

Despite serious opposition from the banking industry, the state of Wyoming has passed a blockchain bank bill almost unanimously. The move further cements the state’s welcoming approach to blockchain integration. 13-1 Majority to Pass the Bill The state of Wyoming has a reputation for being welcoming towards blockchain technology. This reputation was strengthened by a legislative committee, which voted… Read More »

Wyoming Eyes Creation of Blockchain-Friendly Bank to Lure Bitcoin Startups

With regulations being one of the main reasons why traditional commercial banks give bitcoin a wide berth, state senators and representatives in Wyoming are eyeing a legislative fix to the problem. Wyoming Blockchain Group Mulls Bitcoin-Friendly Bank Legislators in the “Equality State” are currently considering drafting legislation that would allow the creation of a cryptocurrency The post Wyoming… Read More »

Innovation Hungry Oregon Leaders Look to Upcoming Blockchain Venture

Many leaders in Oregon are bullish on blockchain. They are hoping Oregon can become a prime location for digital innovation and entrepreneurship. A number of influential Oregonians across the educational, business, and technological fields are eager to see their state play a leading role in the blockchain world. This month a partnership between a number of entities is… Read More »