Bitcoin (BTC) is Money: Wyoming Passes Bill to Recognize Cryptocurrency

Bitcoin (BTC), Cryptocurrency–In the midst of an uneventful week for cryptocurrency, with coin prices still hovering at their lowest point for the new year, the state of Wyoming is nearing the transition period to officially recognizing cryptocurrency as a legal form of tender.

According to a new bill, which was first presented on Jan. 18, 2019 and passed Jan. 31, The Cowboy State will begin to recognize all forms of cryptocurrency under the same regulations and attributions as that of fiat money. While the bill was passed with relatively little fanfare, it may be looked back upon in the timeline of cryptocurrency evolution as a more landmark event.

Despite countries around the globe and even other states in the U.S. being conflicted over how to classify and regulate cryptocurrencies, Wyoming took the initiative in handling the growing landscape of tokenized and digital assets. According to the new bill, crypto assets will fall into one of three categories moving forward: digital…

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2019-02-01 20:41:52

Michael Lavere

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