Delaware
Bitcoin States
Delaware is the corporate domicile for the majority of US Bitcoin companies — over 68% of Fortune 500 companies and countless Bitcoin startups incorporate in Delaware due to its flexible corporate law, well-established Court of Chancery, and business-friendly legal environment. Delaware enacted the Distributed Ledger Technology (DLT) Act in 2017, allowing corporations to use blockchain for stock ledgers. The state has no sales tax and no income tax on intellectual property, making it attractive for Bitcoin-native IP companies.
Details
- State
- Delaware
- Status
- friendly
- Capital
- Dover
- Country
- USA
- Notable
- Corporate domicile for 68%+ of US companies; DLT Act allows blockchain stock ledgers; no sales tax; Court of Chancery expertise
- Income Tax
- Yes
- Legislation
- Distributed Ledger Technology (DLT) Act (2017)
- Abbreviation
- DE
- Population Millions
- 1
- Bitcoin Mining Rights
- No
- Bitcoin Friendly Score
- medium
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