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.

IntroducedIn CommitteeFloor VoteEnacted
▶ Show 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.

Reported Printed and Referred to Business

Session
2021
Chamber
house
Status date
Mar 11, 2021
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