The state of has passed a that recognizes and protects the legal status of electronic records pertaining to distributed ledgers like . The bill, substitute senate bill 5638, was signed into effect by Governor Jay Inslee on April 26, 2019.
The original version of the bill had its first reading by the Washington state legislature on January 25, 2019. The bill has now passed with 96–1 and will go into effect in late July.
The new has a clause which prevents discriminating against electronic records which have in some way been part of a distributed :
“An electronic record may not be denied legal effect, validity, or enforceability solely because it is generated, communicated, received, or stored using distributed technology.”
The bill also provides legal definitions for the terms “” and “distributed ” that can be referred to moving forward.
The Tennessee legislature made a similar move in March 2018, when Governor Bill Haslam a bill that “‘recognizes the legal authority of technology and in conducting electronic transactions,’” according to its
As Cointelegraph previously reported, Ohio has recently a bill that also is related to the use of distributed ledgers. In this instance, aims to allow the government of Ohio to implement -aided solutions. For instance, could allow the state government to readily track and share identifying information, such as .
Published at Thu, 02 May 2019 00:47:32 +0000
