Nevada Senator: We Want to be ‘Home Base’ for Blockchain Startups – CoinDesk

“We want them here, we value them and they should give us a hard look.”

That’s the message Nevada Senator Ben Kieckhefer wants to convey to blockchain and cryptocurrency startups the world over.

The lead sponsor of a recently passed bill that prohibits the taxation of blockchain technology in the US state, Kieckhefer affirmed in new interview that Nevada is committed to leading the way in providing a stable legal framework and business-friendly environment for industry innovators.

He told CoinDesk:

“It’s certainly the hope that this environment will draw the attention of people who are interesting in starting companies or looking for a home base for a company and utilizing blockchain.”

Kieckhefer first introduced the legislation in March aiming to prohibit taxes or fees on blockchains and smart contracts used by the state or local governments, while at the same time recognizing the legality of blockchain signatures. The bill was quickly approved by both the House and Senate and signed into law by Governor Brian Sandoval on 5th June.

The goal, according to Kieckhefer, was to create a safe and predictable operating environment for blockchain businesses that puts Nevada in a similar category as Arizona, which recently adopted its own bill to recognize smart contract signatures.

Other states served as reference points, though not in a positive way. For example, Kieckhefer had choice words for New York’s ‘BitLicense’, a controversial state-specific licensing regime that some argue is too arduous, expensive and restrictive.

“We’ve seen what New York did, and we certainly didn’t want to go in that direction,” he said.

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by Aaron Stanley (June 19, 2017)

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