US State of Illinois Prepares to Regulate Blockchain Industry – The Cointelegraph

Legislators of the state of Illinois, have officially advanced a bill to establish a government task force to regulate the Blockchain industry and sector.

House Resolution 120, which was approved with 98 votes, requests the government to create an inter-governmental Blockchain task force to provide a more efficient and regulatory-friendly ecosystem for Blockchain development firms, research organizations and businesses.

The bill entitled “Blockchain Task Force” read:

“Creates the Illinois Legislative Blockchain and Distributed Ledger Task Force to study how and if the State of Illinois, county governments, and municipal governments can benefit from a transition to a Blockchain-based system for recordkeeping and service delivery.”

Source: US State of Illinois Prepares to Regulate Blockchain Industry – The Cointelegraph

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