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Two blockchain-related bills – on symbolization and compliance issues – were pbaded in the state of Wyoming in the United States on February 19, according to the official website of the state legislature.
As reported Cointelegraph, the bill on the creation of tokens, Bill House 185, was tabled on January 16th. This bill lays the foundation for storing so-called certificate tokens representing stocks in a blockchain "or other secure and verifiable database". transfer from them. The bill is sponsored by representatives Olsen, Brown, Hunt, Lindholm, Western and Zwonitzer and Senators Driskill and Rothfuss and is expected to come into effect on July 1 of this year.
Bill House Bill 74, on compliance with the Blockchain Act, was introduced on January 8th. Wyoming Blockchain Coalition president Caitlin Long said in a message posted on her website that the law "will create purpose-built depository institutions to serve businesses." "The bill contains findings that companies using blocking channels are often unable to secure FDIC-insured banking services because of their actual or alleged relationships with cryptocurrency.
In addition, according to Long's article, the bill "also provides that a special-purpose deposit institution would not be allowed to make loans, would be required to keep 100% of its deposits in reserve , would provide services only to businesses and will have to comply with applicable federal laws. "This law is to come into effect on October 1, 2019.
As reported by Cointelegraph, the least populated state in the United States has been the subject of numerous blockchain and cryptography legislation in recent months.
At the end of January, the Wyoming Senate also pbaded a bill – which was pbaded by the House on February 14 – that will allow cryptocurrencies to be recognized as currency. The bill will come into effect on March 1 and will clbadify cryptographic badets into three categories: digital consumer badets, digital values and virtual currencies.
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