Lawmakers in the State of Wyoming have proposed a bill to require that cryptocurrency be treated the same as fiat currency under the state’s money transmitter’s act, according to the Wyoming Tribune Eagle. The purpose of the bill is to encourage bitcoin-friendly companies to want to do business in the state.
Under the current law, a money transmitter that wants to conduct a bitcoin transaction has to hold in reserve the transaction amount in both fiat and in bitcoin; double the amount being sent. House Bill 26 would only require them to hold the amount being sent.
Read more: https://www.cryptocoinsnews.com/wyoming-lawmakers-propose-equality-cryptocurrency-transmitters/
Topic: [2016-01-25] Wyoming Lawmakers Propose Equality For Cryptocurrency Transmitters (Read 224 times)
January 25, 2016, 05:29:38 AM
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