The GEZ: A Digital Special Zone

The Catawba are a federally recognized tribe of Native Americans with land in South Carolina, near the city of Rock Hill. The Catawba nation has just voted to establish a new digital special economic zone, the Green Earth Zone (GEZ), which aims to specialize in fintech and cryptocurrency.

…The GEZ can be prosperous thanks to the ability of Native-American Tribes under US law to have their own commercial code, regulation-making and administrative capacities.

…Using a model similar to Estonia’s eResidency, after completing the ‘know your customer’ (KYC) requirements, anyone in the world will be able to set up an eCorporation online in the GEZ, and take advantage of policies and regulations that allow them to safely manage their digital assets, raise investment capital and offer digital-banking services. eCorporations are legal corporations, permitted to conduct business virtually from the GEZ, and can open bank accounts within the United States. GEZ eCorporations are ideal for online companies, software developers, remote workers, banking and finance, insurance and firms involved in the creation, sale or management of digital assets.

This is a very interesting development for crypto which needs some legibility and rational rule making that the SEC is not providing.