The state of Massachusetts has had a tumultuous relationship with cryptocurrency and blockchain technology. In December 2017, the state's Securities Division issued a warning to investors about the "potential risks" associated with investing in digital currencies. However, just a few months later, the state's Treasurer suggested that cryptocurrencies could have a place in the state's economy.
Now, it looks like the state is taking another step forward in its adoption of cryptocurrency and blockchain technology. Recently, the state's Department of Financial Services (DFS) announced that it had entered into a Memorandum of Understanding (MOU) with the Massachusetts Port Authority (MPA). Under the terms of the MOU, the DFS will provide regulatory oversight for a new crypto trading platform that will be launched by the MPA.
