Washington is a state located in the Pacific Northwest region of the United States. It is bordered by Idaho to the east, Oregon to the south, and Canada’s British Columbia province to the north. Washington was named after George Washington and became part of the United States in 1889 as one of its earliest states.
As one of America’s major technology hubs, it has become an important center for cryptocurrency activity. In fact, Seattle-Tacoma area alone accounts for over 25% of all blockchain jobs nationwide according to a 2018 report from Monster.com.
The state’s public authorities have taken active steps toward advancing blockchain technology development with initiatives such as The Blockchain Alliance (BBA). This non-profit organization seeks to promote collaboration between government regulators and businesses seeking access or resources related to distributed ledger technology (DLT) solutions like cryptocurrency networks and smart contracts platforms.
Additionally, Washington State has passed several laws which seek foster innovation within this sector including SB 6270 – “Concerning Financial Technology Sandbox Programs” which creates regulatory exemptions allowing certain companies experimenting with new products or services related DLT systems without needing approval from government entities first; HB 2154 – “Relating To Digital Currency Businesses,” which requires digital currency businesses operating in WA state register with proper authorities; and HB 1062 – “Relating To Blockchain Technology” which makes clear that digitally recorded information secured through DLTs are capable of being recognized as records under law if they meet certain requirements around authentication methods used when creating them.
In summary, while not necessarily considered a leader among US states when it comes cryptocurrencies just yet, The Evergreen State appears determined on making sure that business activities related distributed ledger technologies can be carried out securely while protected by adequate regulations necessary for protecting consumers interests too – something we should certainly keep an eye on going forward!