Wyoming Blockchain Bill Proposes Issuance of Tokenized Stock Certificates
Lawmakers from the U.S. state of Wyoming have introduced legislation proposing the issuance of tokenized stock certificates using blockchain tech.
The cryptocurrency exchange has opened up a position for someone to oversee operations for the firm’s future Wyoming SPDI bank charter.
State policymakers want Colorado to be the new Wyoming, creating friendly legislation to draw crypto companies.
An SPDI charter offered in Wyoming lets U.S. firms offer banking and custody services under a regulator that’s not the FDIC, but the application and capital requirements are as rigorous as launching a de novo state-chartered bank.
The U.S. state of Wyoming has passed several bills aimed to make the state a top destination for cryptocurrency and blockchain businesses.
Wyoming legislators have introduced a bill to classify digital assets as property and provide banks with clarity on crypto custodial services.