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Blockchain and Crypto Business Reps Protest Nevada Bill

“The Nevada Technology Association (NTA) said that the bill was premature and would put Nevada at a competitive disadvantage as blockchain was still in its nascent stages” writes Aaron Wood for Following an initial explanation of the bill before the committee, representatives from the crypto industry protested the legislation.Representatives from the blockchain and cryptocurrency industries voiced their concerns about a bill in the Nevada State Senate in a Judiciary Committee hearing on Tuesday, March 12.Early this year, the Associated Press found that some counties in Nevada were issuing marriage licenses on the Ethereum (ETH) blockchain.The bill, SB 195, would introduce several uniform standards to the virtual currency industry, and would require crypto-related business like exchanges to register with the state’s Department of Business and Industry.

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