Utah Prepares for a Fintech Future
Combining these two legislative victories makes it more likely that Utah will be in the lead by the time innovations like Web3 become the norm.
HB 335: Blockchain and Digital Innovation Task Force
This bill creates an innovation task force to study and develop expertise in blockchain and digital innovations to better inform future regulations.
SB 182: Clearer Rules for Cryptocurrency Custodians and Digital Asset Holders
This bill allows financial institutions to act as custodians for digital assets and virtual currencies. It also provides a clear mechanism for establishing property ownership in digital assets and virtual currencies.
SB 213: Blockchain Technology Task Force
This bill clarifies that the exchange of blockchain tokens does not constitute money transmission and therefore require a license. It also creates a task force of relevant stakeholders to discuss blockchain applications to...
Can the Blockchain Benefit the Beehive State?
Other state governments are moving forward with blockchain technology. Why not Utah?