Lawmakers in Nevada on Wednesday sent their fourth piece of legislation concerning blockchain technology to Gov. Steve Sisolak in the past two weeks.
The latest measure, Senate Bill 161, would provide businesses testing new uses of the distributed-ledger technology with temporary exemption from certain financial regulations. Modeled after similar legislation passed in Arizona, the act would provide what the state is calling a Regulatory Experimentation Program for Product Innovation, under which companies could test the viability of new blockchain-based products without facing initial regulatory hurdles.
