News & EventsWhy a blockchain manufacturer chose to locate in Wyoming « Back to Search Results
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.