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Wyoming is one of the 50 states of the United States (“U.S.”), located in the Mountain Division in the Western part of the U.S. It is spacious and mountainous with beautiful rivers and valleys. The economy in Wyoming is tied to mining, agriculture, and tourism. However, for the past couple of years, Wyoming has been aiming to become one of the promising crypto lands. Wyoming has enacted multiple crypto laws that seek to create a very friendly environment for blockchain and virtual currency businesses. But to what end?

FinTech is the word that has been receiving a lot of attention recently. This term originates from the merger of “finance” and “technology”. It represents an innovative and emerging field that affects the future of financial markets. Innovation in diverse formats and contents has been the driving force of any financial market. Yet, now the innovation seems to be more than a driving force. It might have become the key for a survival. Modern financial regulation has been predominantly economically driven, progressing from addressing market failures to creating more efficient, competitive and reliable markets. The European Union has for number of decades been struggling with creating a true integrated single market for financial services. Investors, professional or retail, often have lacked trust in non-domestic or cross-border products, whereas financial institutions, unless sufficiently robust, remain active only in their known (domestic or regional) territories and the capital market remains cleft. This paper argues that with adequate regulation of FinTech in the European Union, the Union could finally bridge the divide and finally establish an effective capital market.

Danish Parliament adopted a law (L190) that abolishes the formation of entrepreneurial companies (ivaerksaetterselskab) IVS in Denmark. This decision has raised surprise and concern from business and academic communities, questioning the decision-making processes of the Danish government. The entrepreneurial company form was introduced in 2014 with the aim to strengthen the entrepreneurship in Denmark. Currently the Government claims that the aim has not been reached. Based on the analysis prepared by the Danish Business Authority (Erhvervsstyrelsen) from September 2018 there are reasons to dissolve or transform all the existing IVS companies within the next two years and abrogate the IVS form from the Danish Companies Act completely. In this short essay, I briefly introduce the IVS company form and reflect on the Analysis prepared by the Danish Business Authority. I provide some thoughts on the substance of this Analysis and its key weaknesses when justifying their main outcomes, for which the IVS form is to be repealed – that these companies have, to a greater extent than expected, led to an increased risk of fraud and tax evasions. I conclude the article with few reflections on the minimum capital requirement, importance of legislative review and building entrepreneurship in Denmark. These conclusions are however universal and applicable across diverse jurisdictions.