State & Local Government Policy, Business and Technology

Vermont Bill Aims to Draw in Blockchain Business and Study Remote Citizenship

Government Technology: In Vermont, a legislator has introduced a bill that aims to push the small state to the forefront of financial technology and attract businesses involved in cryptocurrencies and blockchain.

The bill, introduced by state Sen. Alison Clarkson, would allow distributed ledger startups to create limited liability companies that would be taxed by the state in any coin of its making at a low rate.

Perhaps the most surprising of the proposals is the requisition of a study to determine how Vermont could create an e-residency program. The bill specifically asks state officials to examine Estonia's e-residency program, which allows anyone, anywhere, to virtually become a citizen of the state.

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