The American state of Wyoming recognized the cryptocurrency money

The state of Wyoming passed a law on January 31 , equating cryptocurrency to money.

The Digital Assets Act (SF0125) was introduced on January 18, and accepted for review on January 22. Its author is Senator Tara Nethercott, and eight other senators are named as co-authors.

According to the document, all digital assets are divided into three categories: digital consumer assets, digital securities and virtual currencies. Each category has its own detailed description.

Any cryptoactive asset corresponding to these three categories is classified as “intangible personal property”. At the same time, cryptoactive assets are regulated by analogy with fiat money.

Banks can act as qualified custodians of digital assets in accordance with the rules set by the US Securities and Exchange Commission (SEC).

The law comes into force on March 1.

Earlier, BlockchainJournal published a review of the draft law SF0125 , which specifically states its potential impact on the image of the state of Wyoming and the cryptocurrency sphere in general.

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