[2019-3-5]Utah Senate Introduces Blockchain Related Bill 213

[Vladdirescu87]

Legislators from the state of Utah, U.S. officially introduced a bill “UT SB0213” that would prevent blockchain technology companies from being classified as money transmitters.

Last week, Daniel Hemmert, a Republican senator, filed Senate Bill 213 suggesting that an individual that participates or helps in the “creation, exchange or sale” of particular distributed ledger technology (DLT)-related items should be exempted from the Money Transmitter Act of the state.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/utah-blockchain-bill/

[btyco]

This sounds like a positive thing as it won't be as heavily regulated. It could open the doors for new bank tokens like jpm or ripple to be used in that state. Although money launderers might abuse the system so we'll have to see how it goes