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NEBRASKA LEGISLATURE CONSIDERS BILLS ON BLOCKCHAIN, CRYPTOCURRENCY FOR FIRST TIME

The legislative hearing had been peppered with terms like cryptocurrency, blockchain and smart contract.

Proponents and opponents had testified about bitcoins and distributed ledgers, tokens and digital wallets.

Now the last speaker was wrapping up, and State Sen. Burke Harr of Omaha raised a plaintive question.

“So it is possible to understand this?” he asked.

Nebraska lawmakers, for the first time ever, are confronting bills about an emerging technology that is commonly known as blockchain. The bills also deal with two blockchain uses: virtual currencies,

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