Tennessee prepares to hold cryptocurrencies: report

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State treasury seeks vendor to help manage unclaimed virtual coins.

The state’s treasury posted a request that potential vendors explain how their companies would manage its virtual currencies, including bitcoin.

Tennessee currently holds no crypto, but is seeking a vendor in order to “be prepared in the event that unclaimed virtual currency is remitted to the state’s unclaimed property program,” the report said. A treasury spokesperson declined to elaborate or make any state official available for comment. The state plans to announce the winning applicant on May 10, the report said.in February that a bill introduced in Tennessee's legislature would, if approved, allow the state and other municipalities to invest in cryptocurrency and non-fungible tokens .

 

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Is it legal at all? anyone already posted about this?

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