Oklahoma Senator Working on Bill for State-Backed Blockchain Institution

Cointelegraph

Published Jan 17, 2020 07:57PM ET

Updated Jan 17, 2020 09:42PM ET

Oklahoma Senator Working on Bill for State-Backed Blockchain Institution

Oklahoma senator Nathan Dahm wrote a new bill for his state which looks to build a state-backed innovative financial institution around blockchain technology, establishing a new classification of institutions.

Dated Jan. 15, 2020, the bill noted that the state-chartered financial institution will be “the central depository for virtual currency used by governmental agencies in this state.”

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