Wyoming proposes bill to classify cryptocurrencies
With this idea, is intended to start recognizing digital assets as fiduciary money
This week the State of Wyoming (United States) presented a new bill that aims to clarify the cryptocurrencies ecosystem.
With this initiative they want to classify digital assets as “representation of economic, property or access rights that is stored in a computer readable format, and includes digital consumption assets, digital values and virtual currency”.
If the law is approved, the state will grant the same treatment to the cryptocurrencies as the fiduciary money circulating in the streets.
On the other hand, banks will be authorized to provide the service of “custody for digital assets”, as well as acting as “qualified custodians” following the provisions of the US Securities and Exchange Commission. (SEC).
Wyoming has recently seen an increase in legislation related to blockchain and cryptocurrencies. The legislators of the state approved a bill that allows startups that operate under this technology to carry out their activities within a regulatory sandbox.
K. Tovar
Source: Coincrispy
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