Bloomberg Businessweek

Crypto’s Wild, Wild West

Wyoming is vying to attract the country’s digital currency business

Wyoming is about 1,000 miles from Silicon Valley and even farther from wealthy East Coast investors. But the Cowboy State is hitching its wagon to the virtual currency craze, bidding to reinvent itself as the most crypto-friendly state in the U.S.

Republican Governor Matt Mead signed sweeping legislation in March that makes limited liability corporation laws friendlier to blockchain companies, enshrines “open blockchain tokens”—also known as “utility tokens,” a type of digital currency that can be redeemed for goods and services—as an asset class, and

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