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Wyoming To Become The Most Attractive State For Blockchain Startups

11 January 2019 08:01, UTC
Denis Goncharenko

During his inaugural speech, Mark GORDON, the 33rd Governor of Wyoming, spoke about the success of the blockchain industry in the state. In particular, he highly appreciated a number of startups as a positive example, noting that other states of America could follow such an approach. The fact that the widely known Cardano crypto project moved to Wyoming did not escape attention as well.


“In just this last year, Wyoming has become the envy of the nation for its innovative approach to Blockchain with new startups like BeefChain and SheepChain. We can do more.” — said the new governor.

In fact, the state of Wyoming positioned itself as a “pro-crypto” territory during the last year, despite the cautious and strict approach of US regulators and the opposition of the banking industry. As a result of the year, a bill was passed in December unanimously allowing institutions to offer financial services using blockchain-based assets.

At the moment, six more bills are under consideration in Wyoming. They are aimed at the development of the blockchain industry in the state. According to the tweets by Caitlin LONG, the legal expert who used to serve on Morgan Stanley’s internal blockchain working group, two out of six have already received approval.