Hoping to spur development, group of ND legislators aims to launch crypto sandbox
House Bill 1268 would add North Dakota to a short list of states with a cryptocurrency sandbox, a developmental environment made for testing financial technology products. 8:15 am, Feb. 3, 2021 ×
North Dakota Rep. Nathan Toman, R-Mandan, has proposed the creation of a crypto sandbox to drive financial technology innovation in the state. Illustration by Troy Becker
BISMARCK A group of North Dakota legislators has proposed a bill to launch a crypto sandbox, an experimental environment designed to allow penalty-free development of cryptocurrency technology.
Sponsoring House Bill 1268 is Mandan Republican Rep. Nathan Toman, the legislator behind the idea to create a blockchain asset tied to the state s assets called North Dakota Coin. Fellow Republicans Rep. Rick Becker (Bismarck), Rep. Cole Christensen (Rogers), Rep. Tom Kading (Fargo) and Sen. Shawn Vedaa (Velva) joi
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Whilst the pandemic has continued to present major challenges
for the business world, Fintech has gained tremendous momentum and
indeed become essential for many financial institutions and
companies in this new era. The Hong Kong Fintech Week 2020
was held as a fully virtual event during 2-6 November 2020 and saw
a range of topics being explored, including development of central
bank digital currencies, virtual asset regulations, virtual banking
and related Fintech applications. Most offshore jurisdictions
have already seen significant developments in the laws and
regulations in these areas, particularly as the pace of