Wyoming State Senate “passes” Bill recognizing Cryptocurrency Money

in bitcoin •  19 days ago

Source: https://news.bitcoin.com/wyoming-senate-passes-bill-recognizing-cryptocurrency-money/

image

The good old “Wild West” is leading the gold rush into crytpo currency and passing Senate Bills recognizing it as such.

Two things important in this Bill. It recognizes crypto as money and a right for the people to own as property and use.
It ALSO enables the “banks” to engage in custodial services — so something for THEM too.

The Senate Bill passed 28-1. Cryptos would be given the same status as other currencies.

image

Does this mean NO capital gains calculation for taxes?

What does this mean for traders?

What does it mean vs Federal Law?

Many crypto laws are being addressed this year it seems.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

This is a great initiative by Wyoming state Senate... Congrats to all crypto lovers there... Waiting India to help us Indian Crypto lovers tooo


Visit my   youtube channel to get information in tech, gadgets, food and travel...


Posted using   Supersteemian Android Application.

·

I think much is happening all over but they are not educating the people —- yet.

·
·

Yeah you are absolutely right @floridanow

Visit my   youtube channel to get information in tech, gadgets, food and travel...


Posted using   Supersteemian Android Application.

Thanks for using eSteem!
Your post has been voted as a part of eSteem encouragement program. Keep up the good work! Install Android, iOS Mobile app or Windows, Mac, Linux Surfer app, if you haven't already!
Learn more: https://esteem.app
Join our discord: https://discord.gg/8eHupPq

Wow get it on...

·

It’s coming.....more time