12
October2017
Another two US states want to legalize bitcoin and blockchain

Another two US states want to legalize bitcoin and blockchain

Two US states can pass bills, focusing on the official adoption of cryptocurrencies and blockchain technology, according to Coindesk.

This refers to Vermont and Delaware.

The first state wants to permit to use bitcoin as investments. Thus, bill authors define cryptocurrency. It can be an exchange and accounting object and is considered as material value. Besides, digital currency can have equivalent in traditional money and other cryptocurrencies.

The bill introduced in Delaware supposes the application of bitcoin as the alternative to traditional document management. Blockchain allows to store records, up to accounting ones, however, only on provision that these data can be shown on paper immediately.

If the state legislature approves and Governor of Delaware passes a law, the introductions will go into effect from August 1.

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