This bill will create a friendly environment to entities developing and testing new and innovative financial technologies (think Venmo, Coinbase, etc.) Burdensome regulations can be a deterrence to taking the necessary risk involved in the expenditure of time and resources to develop these technologies. By allowing this development to occur here in Utah for a limited time, free from the barriers of existing regulations, the state can incubate new technology, as well as develop new regulations that makes sense alongside this development. This is the type of economic development the state should be encouraging – rather than tax breaks or financial handouts, we should continue to encourage a friendly environment that can attract these companies. Once they’ve established their presence here, they are likely to remain.