Wyoming to Recognize Cryptocurrencies as Money

in blockchain •  13 days ago

Wyoming - USA Crypto Capital- Pixabay - devils-tower-2376376_640.png

Cryptocurrencies are here to stay. What better evidence than the state of Wyomings bid to be the crypto capital of the USA. There latest effort will allow banks to provide crypto custodial services thus bringing crypto further into the mainstream. A win-win to be sure.

What you may not know is that Wyoming has long been a center for asset protection. Yes, with laws that at one time were somewhat comparable to Swiss bank laws, but much less known.

Additionally, in January of 2018, Bill 62 – Blockchain Tokens as Personal Property, aka 'Wyoming Utility Token Act-property amendments' and Bill 57 – Financial Sandbox, were passed. Bill 62 provides clarification on blockchain tokens. Bill 62 lays a foundation for a controlled fintech sandbox, which is very desirable. Both of these bills should help drive crypto businesses to the state.

It will be interesting to watch crypto growth in Wyoming. Is anyone aware of any current activities?

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:  

Congratulations @guysellars! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :

You received more than 100 upvotes. Your next target is to reach 250 upvotes.

Click here to view your Board
If you no longer want to receive notifications, reply to this comment with the word STOP

Support SteemitBoard's project! Vote for its witness and get one more award!

How very smart! I love States with vision and gumption. The good old grit comes to bear. Congratulations Wyoming!

para quedarse y ser la única al suave

✅ Enjoy the vote! For more amazing content, please follow @themadcurator for a chance to receive more free votes!

To listen to the audio version of this article click on the play image.

Brought to you by @tts. If you find it useful please consider upvoting this reply.

Thats the future.