Blockchain, Cryptocurrency in Nevada Topic of June 7 Panel

Northern Nevada Business View, May 28, 2018

RENO, Nev. — Blockchain-backed cryptocurrency transactions are experiencing a meteoric rise in popularity these days, and officials agree that Nevada has a once-in-a-generation opportunity to lead the nation in fostering the industry.

Last June, Gov. Brian Sandoval signed SB398, making Nevada the first state to approve a bill blocking local governments from taxing blockchain transactions, thus ensuring entrepreneurs can safely and reliably use the technology to electronically record transactions.

While SB398 was a great start, Tyson K. Falk, a policy analyst with McDonald Carano’s Government Affairs Group in Reno, said the real opportunity lies with the 2019 Nevada Legislature.

“What we’re looking for with next steps is legitimately propelling this technology further,” he said. “We think a huge part of validating blockchain is in public use cases — such as with county recorders, the registrar of voters … even the DMV — and looking at data sharing and working with local governments that are the data keepers.”  To read entire article click here.


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