Wyoming has adopted a bill that provides for the division of digital assets into three categories: digital consumer assets, digital securities and virtual currencies. The assets of the last category will actually be treated as fictitious currencies.
Lawmakers from the US state of Wyoming have adopted a law that includes the recognition of crypto-wave as money. The document was introduced two weeks ago.
The new law introduces a crypto flag classification, which will now be divided into three categories: digital consumer assets, digital securities and virtual currencies. Any assets that fall into one of these categories will be considered privately owned and virtual currencies are similar to Fiat.
The law also allows banks to provide digital asset storage services.
The new provisions will come into force on 1 March, according to the website of the state legislature.
In January, lawmakers in Colorado submitted a bill to exclude them from the right to obey the Securities Act. It is also proposed to legalize the ICU procedure.
By late autumn last year, Ohio officially allowed local businesses to pay battleships. BitPay has helped us implement this service.
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