The Newest Haven for Cryptocurrency Companies? Wyoming


Published 1y ago via wired.com

The Newest Haven for Cryptocurrency Companies? Wyoming
Wired via wired.com

But over the past two years, Wyoming has enacted 13 blockchain laws, with a raft of other proposals on the way. Working with lawyers from Consensys, a company that builds and promotes Ethereum applications, they drafted bills that exempted certain digital tokens from state securities rules, and exempted cryptocurrency from state property taxes.

The move largely scuttled Wyoming’s plans to attract companies doing ICOs to the state, Long says. Lindholm, who last year cofounded his own blockchain startup, BeefChain, which verifies the provenance of premium Wyoming cattle, argues the state is on a path to attract companies that offer more than a $100 filing fee and a PO box in Cheyenne.

Read in Full
CoinMarkets is an automated news aggregation service. All copyrights belong to their respective owners. Images and text owned by copyright holders are used in reference to and promotion of those respective parties.