H03272021 Regular Session
Adds to existing law to provide for utility tokens and to establish a financial technology sandbox.
FINANCIAL TECHNOLOGY -- Adds to existing law to provide for utility tokens and to establish a financial technology sandbox.
FINANCIAL TECHNOLOGY
STATEMENT OF PURPOSE
The purpose is to establish the Idaho Utility Token Act, which permits the creation of open blockchain utility tokens for consumptive use. This also establishes a Financial Technology Sandbox to allow a person to make an innovative financial product or service available to consumers during a sandbox period, initially up to 24 months,throughawaiverofexistingstatutoryandrulerequirementsbythedirectorofthedepartmentoffinance.
LATEST ACTION
Reported Printed and Referred to Business
BILL INFO
- Session
- 2021
- Chamber
- house
- Status date
- Mar 11, 2021