Tag: Wyoming

Bitcoin Bill Introduced to Wyoming Legislature

Several Wyoming State Representatives have introduced an amendment to the Wyoming Money Transmitter Act that would ease reserve requirements on digital currency business operating in the state. HB0026, if passed, would put digital currency instruments such as Bitcoin under the category of ā€¯permissive investmentsā€¯. Under current legislation, businesses that deal in virtual currencies must maintain double reserves for each transaction. Because of these requirement, big digital currency outfits such as …
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