Nevada Eyes 'Lithium Valley' Crown With New Blockchain Legislation

Although Nevada’s emerging blockchain sector remains small in terms of revenues compared to the mining or gaming industries, it has been growing rapidly as state lawmakers look for ways to diversify the economy.

In 2017, the Nevada legislature passed Senate Bill 398, which had a significant economic development impact. Signed by former Republican Governor Brian Sandoval, the bill officially recognized blockchain in the state, and prevented localities from taxing or imposing license requirements on firms using the technology.

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