A Bill introduced in Wyoming To Define Crypto Currencies As Money

In the state of Wyoming, 18 January, a bill clarifying the classification of cryptocurrencies according to the official website of the state legislature was introduced. link below

https://www.wyoleg.gov/Legislation/2019/SF0125

The bill divides crypto assets into three categories: consumer digital assets, digital securities and virtual currencies. The bill defines assets that fall into one of these three categories as intangible personal property and grants virtual currencies the same treatment as money.

The proposed bill also allows banks to “provide digital asset custody services in accordance with this section after the client has been informed in writing for sixty (60) days”.

The bill stipulates that banks may act as qualified custodians under US Securities and Exchanges Commission (SEC) regulations.

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