TallyIDAHOLegislative Tracker
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

LINKS

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