Crypto on native land: special economic zones are the new casinos?

Catawba Indian Nation in Rock Hill, South Carolina has established a new Special Economic Zone where the tribe will provide space and regulatory certainty for crypto and fintech companies.

It's called the Catawba Digital Economic Zone, and the Catawba Corporation says it "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." Catawba is a sovereign jurisdiction under U.S. law, allowing it to built a regulatory framework that is friendly to fintech, blockchain, and crypto companies, says Ronnie Beck, CEO of Catawba Corporations.

The closest similarity?

Estonia's eResidency program.

In this episode of TechFirst we chat with the CEO of the CDEZ, Joseph McKinney, and Thomas Trimnal, a VP at Catawba Corporations. Our focus: what will the enable, who will come, and how will this generate value for both companies and the Catawba themselves.

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