Senators advanced the measure, 39-1, through the first of three required votes in the Legislature.
The measure would make Nebraska the second state to create a formal charter for “cryptobanks,” allowing them to help facilitate transactions. The first state was Wyoming, which chartered its first institution in September.
Cryptocurrencies are an online form of money that are stored and tracked using a decentralized network of independent computers, which make transactions extremely secure and easy to verify. Unlike paper cash, they aren’t issued by any central government, which appeals to some users who are worried about inflation.
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