Why a blockchain manufacturer chose to locate in Wyoming

Wednesday, January 23, 2019

What would you do to guarantee that your business was on firm legal footing? For companies in the blockchain space the answer is easy - move to Wyoming.

Few states have passed legislation classifying or regulating blockchain businesses. For most, this creates a risky situation. No legislation means individual agencies and local governments have the authority to treat each blockchain company with a different set of rules, restrictions and guidelines.

This is no way to operate and makes it difficult, if not impossible, to develop a business plan and operate strategically.

As a result, many blockchain companies have chosen to locate overseas. Fortunately, Wyoming is doing things differently.

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