Washington state legally legalized the status of entries in the blockchain

The state of Washington passed a bill legalizing and protecting the legal status of electronic records that are part of distributed systems, such as the blockchain. Reported by the Cointelegraph .

Law 5638 was introduced to the Senate in Washington in January, but State Governor Jay Insley signed it only on April 26 after several hearings and a number of revisions. Adopted by an overwhelming majority (96 against one), it comes into force at the end of July.

“An electronic record cannot be denied legal force, validity or law enforcement only because it was created, transferred, received or saved using the technology of the distributed registry,” the document says.

In addition to protecting the status of electronic records that are part of systems created on the basis of distributed registry technology, the law also defines the blockchain and the distributed registry.

In particular, the blockchain is defined as “a cryptographically protected, chronological and decentralized registry, based on the consensus of [the participants], or based on a consensus database maintained via the Internet, a peer-to-peer network or other similar interactions”.

Recall that on March 1, the Digital Asset Act entered into force in Wyoming, equating cryptocurrency to money .

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