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Wyoming Eyes Startups With Batch of Crypto-Friendly Bills

CryptocurrencyFeb 22, 2018 05:22AM ET
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Investing.com - Wyoming's state legislature is considering a handful of measures favorable to cryptocurrencies and blockchain technology, as part of its effort to attract startups in the business to the state.
One bill exempts cryptocurrencies from state property taxes, making them more attractive to hold.
A second exempts digital currencies from laws covering money transmitters or money transfer services, which is seen as a step toward creating a friendly environment for crypto exchanges.
A third bill exempts tokens in initial coin offerings from securities regulations if they met certain conditions.
Two others bills cover blockchain ledger technology for use in records storage and the creation of limited liability corporations.
Wyoming is not the only state trying to pass crypto-friendly laws.
Arizona's legislature is considering a bill that would allow residents to pay state income taxes with cryptocurrencies.

Wyoming Eyes Startups With Batch of Crypto-Friendly Bills
 

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