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Oklahoma lawmaker proposes state-chartered crypto depository

As reported by The Block, “A lawmaker in the U.S. state of Oklahoma has proposed creating a state-chartered financial institution that, if approved, would serve as ‘the central depository for virtual currency used by governmental agencies in this state.’ “The measure, sponsored by state senator Nathan Dahm, seeks to provide a level of state-backed infrastructure […]

By Chris Sykora · January 17, 2020
Oklahoma lawmaker proposes state-chartered crypto depository

As reported by The Block, “A lawmaker in the U.S. state of Oklahoma has proposed creating a state-chartered financial institution that, if approved, would serve as ‘the central depository for virtual currency used by governmental agencies in this state.’

“The measure, sponsored by state senator Nathan Dahm, seeks to provide a level of state-backed infrastructure for work done related to cryptocurrencies and blockchain. According to public records published via LegiScan, the proposed bill’s introduction date is Feb. 3rd, indicating that the bill is at its earliest stages in development…”

Continue to read the full story at The Block.