Crypto originally exploded in the United States, although it probably started online, but is losing ground in jurisdictions such as Malta, Gibraltar and other countries that have been more capable of promoting technology and friendly financial legislation, but the United States is challenging the defense for try to keep encryption in America.
The United States has lost many startups encrypted in particular in Switzerland, according to Forbes the flight took place in particular after Switzerland declared that the ICOs were not titles. This in particular attracted many of the developers of cryptocurrency and blockchain from San Francisco to the Swiss "Crypto Valley".
Since that time, Switzerland has in fact withdrawn its definition of titles, as Singular DTV CEO Zach LeBeau told Forbes that the government has started a "more centered approach on the United States" than " has slowed the development of blockchain ". for US regulators who want to bring technology companies into their state an opportunity, and as a result a Florida lawmaker has introduced a "Taxonomic Taxonomy" law for Congress that would help ICOs to be exempt from the state of security.
Mark Gordan, the new Governor of Wyoming, in his inaugural address (http://kgab.com/gov-mark-gordons-inauguration-speech/) delivered on January 7 directly highlighted his support for the blockchain in the state, which claimed to have made the nation's envy & # 39;
ANOTHER in the books for #Wyoming, 8-1 on HB 62, which widens #utilitytoken language promulgated in 2018 and moves it from the chapter titles into its own chapter of the WY law, creating a new class of property (digital resources). Here they testify by committee @Tyler_Lindholm pic.twitter.com/0jfckEk4VT
– Caitlin Long [Jan/3➞₿🔑∎] (@CaitlinLong_) 10 January 2019
In fact, Wyoming recently passed a law that included the integration of encryption and traditional finance and, as Gordan pointed out in his speech, Wyoming hosts the blockchain startups of BeefChain and SheepChain.
To learn more: The new law allows Wyoming banks to manage cryptography
Last November, the CEO of IOHK and Cardano Charles Hoskinson in an interview at the Blockchain conference in Malta declared that this year Cardano is moving to Wyoming, and it is clear that crypto legislation friendly is attracting them.
The coin taxonomy law, which was introduced by Congressmen Warren Davidson and Darren Soto, still has a way to go. While states are generally more capable and willing to move around their laws in order to attract potentially profitable technology companies, the Congress procedure will be less agile. However, the taxonomy tax law would be a huge advantage for blockchain companies at the same time, and would clarify and reduce the role of the SEC in controlling the crypt.
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