Blockchain advocates in Massachusetts have partnered with the Chamber of Digital Commerce to release a Massachusetts Edition of the Legislator’s Toolkit for Blockchain Technology.
Communications company Media Shower and the Boston Blockchain Association (BBA) are working with the blockchain trade association on the toolkit. It is designed to guide Massachusetts lawmakers to help create a favorable regulatory environment in the Commonwealth.
Apart from various legislative principles, proposals, and concepts, the Massachusetts Edition has five specific legislative recommendations. These include establishing a State Blockchain Working Group, creating legal/regulatory sandboxes, and standardizing tax obligations.