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.

(0) comments

Welcome to the discussion.

Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.