Wyoming House Committee Pass a Bill Encourage Blockchain and Other Fintech Innovation
[ChainDD report] January 13 (ChainDD) The House Committee on Minerals, Business and Economic Development of the U.S. state Wyoming passed a bill entitled Financial Technology Sandbox unanimously.
If the bill becomes acting legislation, Wyoming will allow startups of blockchain and other fields to test new technologies, and determine whether they could serve their functions under the existing regulatory system.
The sandbox offers one-year option for innovators and can extend for another year, so as to give them much room to try new things, said Caitlin Long, Cofounder of the Wyoming Blockchain Coalition. He noted that pass-through of the abovementioned committee absolutely marks much importance, but it is only the first of 13 steps.