BlockCrushr Labs opens Wyoming office to recognize and support landmark blockchain legislation push
HALIFAX, NS – BlockCrushr Labs, an award-winning Canadian blockchain venture development studio, announced Wednesday the opening of a corporate subsidiary in the state of Wyoming. The move was made to recognize and support the state’s progressive approach to blockchain and cryptocurrencies including the recent introduction of landmark legislation supporting the industry.
“Wyoming is one of the best places in the U.S. to do business,” said Scott Burke, CEO of BlockCrushr Labs. “Between low startup costs, the most business-friendly tax system in the country, and lawmakers who are focused on supporting and fostering the growth of innovative fintech business and technology, Wyoming just makes sense.”
The company has filed incorporation for a Wyoming subsidiary, BlockCrushr Wyoming, LLC and joined Cheyenne’s co-working space The Second Floor @ The Paramount.
Wyoming has a history of legislative innovation, having passed the nation’s first LLC law in 1977. Working towards another Wyoming first, lawmakers and grassroots groups such as the Wyoming Blockchain Coalition have been gaining significant momentum in their efforts to create a haven for the blockchain ecosystem.
Bill HB0070 exempts tokens issued on an open blockchain from Wyoming’s money transmitter and securities laws, as long as the token has not been marketed as an investment and is exchangeable for goods or services. This bill would also exempt token exchanges (or people exchanging tokens) from being deemed broker/dealers under Wyoming law. The bill has garnered senior co-sponsors, including the Speaker of the House.
BlockCrushr Labs has been racking up accolades around the world since being founded in May of 2016 – including being named one of Canada’s top 25 up and coming ICT companies and receiving top honours at the 2017 World Government Summit in Dubai.
The company’s current flagship product is TokenClub, a monthly subscription service to curated and vetted ICO tokens.
Contact BlockCrushr Labs
Chief Executive Officer
About BlockCrushr Labs
BlockCrushr Labs is an award-winning blockchain venture development studio that develops and commercializes products and services related to blockchain technology, including TokenClub, your monthly subscription to the internet’s premium ICOs, and Hypergive, a system to provide homeless and hungry people with secure digital food wallets.