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.
IntroducedIn CommitteeFloor VoteEnacted
STATEMENT OF PURPOSE
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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
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