Establishes a special commission to study blockchain and cryptocurrency technology in Massachusetts.
The bill creates a special commission to investigate blockchain and cryptocurrency technology in Massachusetts. The commission will examine the feasibility, risks, and benefits of using blockchain in government and businesses, the impact of cryptocurrency on state revenues, and the need for tax framework modifications. The commission will also consider consumer protection activities and the advisability of cryptocurrency payments in government and businesses. The commission will report its findings and recommendations to the General Court within a year.
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