Favorable Regulation, Abundant Energy Turning Wyoming Into A Bitcoin Hub
Clear, welcoming regulation, abundant energy sources are among the main two reasons why Wyoming is becoming the next big Bitcoin state.Friendly and precise regulation, abundant energy sources, and a thriving innovation landscape drive Wyoming to become the next bitcoin state. CNBC talked with Avanti CEO Caitlin Long and Sen. Cynthia Lummis, who both live there, to gauge what's behind the state's fast-tracking on Bitcoin innovation.The state of Wyoming has been taking steps to become a hotbed for bitcoin companies by approving friendly legislations and clarifying existing ones. The state....
Related News
The cheap, abundant energy and open trade enabled by Bitcoin will make humanity significantly more peaceful.
Wyoming is a potential hotspot for bitcoin mining, with the state’s abundance of natural resources and energy.
As an arbiter of truth for the most reliable and cheapest forms of energy, Bitcoin can enable Nikola Tesla’s vision of a peaceful, abundant energy future.
After rumors of Coinbase not working for users located in Wyoming, Coinbase has since come out with an announcement that they will be indefinetly suspending service to users in Wyoming. This comes from an issue with The Wyoming Division of Banking in which recently communicated regulatory policy causes uncertainty for the legality of digital currency operations. Coinbase, in their post stated: “Although we strive to provide continuous access to Coinbase services, Coinbase is indefinitely suspending its business in Wyoming. The Wyoming Division of Banking has recently communicated....
The country seeks to innovate with help from a variety of Blockchain companies. The Deutsche Energie-Agentur, also known as DENA — the main governmental group responsible for energy innovation in Germany — looks to put its energy ecosystem on a decentralized database.DENA “has selected Energy Web to design and construct a digital registry for distributed energy resources (DERs) across the country in partnership with more than 20 industry players,” an Oct. 13 blog post from Energy Web detailed, adding:“The project will enable energy assets in Germany, such as thermostats, solar PV systems,....