LARAMIE — About five new “blockchain banks” could bring as much as $20 billion in assets into Wyoming by summer 2020 as applications open for the new type of bank charter Oct. 1.

Lawmakers are currently working to refine the law passed in 2019 that allows for “Special Purpose Depository Institutions” in Wyoming, a national first that has put Wyoming on the map for “underserved” financial markets like cryptocurrency, blockchain, coal, paycheck lending and firearms.

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