Wyoming May Implement Blockchain Accounting System – Bits Media

US State of Wyoming Considers Blockchain Accounting Bill. If approved, the new system can be implemented in the work of the state until the end 2021 of the year.

Special committee on blockchain, financial technology and digital innovation Technologies submitted to the legislators of wioming the bill, The state authorizing staff to develop a blockchain accounting system. If approved, the staff will introduce a new system by the end 2021 of the year.

The system will be used by companies for reports, data and other information, which they must provide within the law. The bill implies consultations with interested parties, Including companies, lawyers and registered agents.

Wyoming lawmakers are one of the most progressive in the United States, When it comes to cryptocurrencies and blockchain. Earlier this month, they proposed a bill, decentralized autonomous organizations (DAO) officially register as a legal entity.

Last spring, Viooming authorities allowed local insurance companies to invest money in crypto assets, Including bitcoin. Besides, last fall it became known, that the Kraken exchange will open its own bank in Weyming, And the Avanti cryptocurrency bank received a license from the state regulator.