The National League of Cities has released a report on the implications of emerging digital currencies like Bitcoin and Ether. The technology could be used in everything from private purchases to government purchasing systems, according to the report. It's called "Blockchain," which is the backbone of cryptocurrency. Cook County, Illinois, began experimenting with the technology in 2017. The county hopes to create a "trustworthy" digital chain that can track property titles and other public records. Cook County is the second largest county by population.
Texas recently passed two pieces of legislation related to virtual currencies. The state's governor has said he'll sign the bills into law. More than 30 states have pending legislation in the works related to the technology, a report says. Some cities are looking for ways to get ahead of the rapidly advancing technology.
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