Lege TREND. Wyoming Blockchain and Bitcoin Open Market. Unintended Consequences

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September 13, 2018

In 2018, Wyoming passed legislation to:

freely trade cryptocurrency
exempt from property tax virtual currency
corporations can use blockchain technology to store company records
“initial coin offerings” are legal

Rapid growth in cryptocurrency and blockchain in Wyoming also brings a rise in :

fraud
hacks
illegal activity

The solution: include enforcement mechanisms and consumer safeguards in legislation.

Wyoming Tribune Eagle | Risks of unregulated blockchain laws in Wyoming may be overlooked