Captive Insurance Blockchain Pilot Planned By Vermont State Agencies

Blockchain, News | January 15, 2019 By:

Two government agencies in the US state of Vermont have joined forces to explore the use of blockchain technology in the digital record-keeping practices of the captive insurance industry.

Last week, the Secretary of State’s Office (SoS) and Department of Financial Regulation (DFR) signed a memorandum of understanding (MOU) to launch a blockchain pilot in order to identify areas where the use of blockchain technology in regulatory and other government business may increase data security and reduce costs for residents and those doing business in Vermont.

 Read more  »

Blockchain Working Group Established By Vermont Government

News | December 12, 2018 By:

T.J. Donovan, attorney general of the state government of Vermont, has announced that four state agencies have established a working group to study the opportunities and challenges presented by blockchain technology.

In addition to the Attorney General’s Office, the working group will include the Department of Financial Regulation (DFR),

 Read more  »

Cryptocurrency Company LevelNet Hit With Cease And Desist Order In Vermont

ICO News, News, Regulation | June 5, 2018 By:

The Vermont Department of Financial Regulation has issued a cease and desist order against cryptocurrency startup LevelNet for violations related to the Vermont Uniform Securities Act.

According to the order, LevelNet is conducting an initial coin offering (ICO) seeking to raise money from investors across the country in exchange for their newly created cryptocurrency.

 Read more  »