Tag: BlockchainFriendly

Blockchain-friendly Wyoming challenges Delaware’s biz incorporation dominance

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Amid the patchwork of state and federal regulations for crypto and blockchain firms, Wyoming seems to have established itself as a more progressive jurisdiction for companies involved in the novel technology. For Pierluigi Matera, professor of comparative law at the Link Campus University of Rome, these liberal blockchain laws could see the state chip away at Delaware’s preeminence in business incorporation in the United States. In a paper published on Thursday, Professor Matera argued that Wyoming’s targeted blockchain-friendly approach could pose a significant challenge to Delaware’s dominance. According to statistics…

Rhode Island Lawmakers Hope to Boost State Economy With Blockchain-Friendly Legislation

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The Rhode Island General Assembly is to consider draft legislation aiming to harness blockchain technology as a means to stimulate growth, create jobs and diversify the U.S. state’s economy. The “Rhode Island Economic Growth Blockchain Act” aims to to nurture a “welcoming business environment” for technology and blockchain companies. It highlights how existing frameworks are unfit for purpose due to being created at a time when products and services were not technology focused. The act, introduced Tuesday by House Minority Leader Blake Filippi and fellow Republican representative David Place, proposes…

Direct Descendant of Italian Banking Dynasty Medici to Launch Blockchain-Friendly Bank

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A direct descendant of an Italian dynasty that ran a banking empire in the 1400s is launching a new bank focusing on “digital-centric commerce and investing,” according to a news release published on May 8. Prince Lorenzo de’ Medici, president of the eponymous Medici Bank, said he has been motivated by advancements in blockchain technology to start the new venture, which aims to “create seamless, digital customer experiences and expand financial opportunity across global markets.” He argued that little innovation has come from the banking sector ever since his family’s original institution, the Florence-based…