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Nova Scotia-based BlockCrushr is expanding into the lower 48. The blockchain startup has chosen Wyoming for its new corporate subsidiary amid the state’s openness to both the technology and cryptocurrencies, as evidenced by pending legislation. BlockCrushr Wyoming’s presence ahead of the state Legislature’s ruling suggests the startup is confident about the prospects of the policy.
Wyoming is currently entertaining several blockchain-related proposed policies, including Bill HB0070, which supports a digital token issued on an open blockchain that’s not subject to securities and money transmission regulations as long as it meets a set of criteria. It’s unclear what the SEC would have to say about it.
“Wyoming is one of the best places in the U.S. to do business. Between low startup costs, the most business-friendly tax system in the country, and lawmakers who are focused on…