TRENTON, N.J. – Corporations in the state are now legally permitted to maintain records on an electronic network, including those using blockchain technology – the digital ledger invented for keeping track of the cryptocurrency Bitcoin. On Tuesday, Gov. Phil Murphy signed legislation (A1178), sponsored by Assemblyman Christopher DePhillips and...
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TRENTON, N.J. – The Assembly Science, Innovation and Technology Committee advanced legislation Monday to help facilitate the use of blockchain technology for more businesses throughout the Garden State. The bill (A320), sponsored by Assemblywoman BettyLou DeCroce, directs the state to review and approve a blockchain-based payment platform for state-approved...
TRENTON, N.J. – The state Assembly passed legislation Thursday to legalize cryptocurrencies and crypto exchanges in New Jersey. The bill (A1178), sponsored by Assemblyman Christopher DePhillips, clarifies that New Jersey corporations may use so-called “blockchain” technology to simplify recordkeeping requirements. “We need to use the technology at our disposal...
TRENTON, N.J. – Assemblyman Christopher DePhillips’s bill to permit corporations to use blockchain for certain recordkeeping requirements passed the Assembly Science, Innovation and Technology Committee Wednesday. The bill (A1178) clarifies that New Jersey corporations may use blockchain to simplify recordkeeping requirements. Blockchains are an electronic ledger built around peer-to-peer...