The startup chose this state due to the state’s openness to both the technology and cryptocurrencies. The state legislature suggests the startup is confident about the prospects of the policy.
The state is currently working on several blockchain-related proposed policies, including Bill HB0070. This bill supports a digital coin issued on an open blockchain that’s not subject to securities and money transmission regulations as long as it meets a set of the following criteria:
digital tokens are not marketed to the public as investments
token users can exchange it for goods or services
there are no repurchase agreements involved
the token issuer must not be a broker-dealer or in any way deal in securities
This bill was introduced in January and sponsored by a trio of lawmakers. Policymakers are looking to enact the bill in July 2018.
Bill HB0070 would be a blessing to BlockCrushr Wyoming. The startup is in the process of being incorporated and is located in Cheyenne-based coworking space The Second Floor @ the Paramount.
Wyoming is one of the best places in the U.S. to do business. Between low startup costs, the most business-friendly tax system in the country, and lawmakers who are focused on supporting and fostering the growth of innovative business and technology, Wyoming just makes sense.
BlockCrushr Labs chief