The Governor of Vermont signed off on bill S.269 titled, "An act relating to blockchain business development". This new law was signed and took effect on Wednesday May 30, 2018. This will pave the way for cryptocurrency and blockchain technologies of all types to be setup in both the public and private sectors of the state.
The Bill titled, "An act relating to blockchain, cryptocurrency, and financial technology” was first introduced by Senator Alison Clarkson in early January of this year. In regards to blockchain technologies, the purpose of the law is to, "promote regulatory efficiency; enable business organizational and governance structures that may expand opportunities in financial technology; and promote education and adoption of financial technology in the public and private sectors.”
The bill went through a few changes before the Governor signed it on May 30th, however, the law offers a wealth of opportunities for Vermont in regards to cryptocurrency and blockchain technologies for the first time.