According to the United StatesWyoming official websiteAccording to news, the SF0125 bill related to the blockchain was passed, which classifies digital assets as property.
The bill divides digital assets into three parts, including digital consumer assets, digital securities, and virtual currencies. Indicate that digital assets are property in the Uniform Commercial Code; authorize security interests in digital assets, and provide custodial service standards and procedures for banks, custodian service agencies, etc.
The bill states that financial institutions may provide custody services for compliant digital assets upon providing 60-day written notice to the commissioner. The bill will come into effect on July 1, 2019.
Earlier news, Wyoming has passed other blockchain and cryptocurrency-related bills to promote the regulation of cryptocurrencies.
On Jan. 16, the state of Wyoming launched a law allowing companies to issue blockchain tokens representing stock.bill. The current draft of the bill states: “The articles of association may specify that all or part of the company’s shares may be represented by shares in the form of tokens.” If passed, the bill would also come into effect on July 1, 2019.
On January 11, the Wyoming House of Representatives Committee on Mines, Commerce and Economic Development Passed the Financial Technology Sandboxbill. If the bill becomes law, it would empower California to allow start-ups to test new technologies and determine how they would work under the existing regulatory regime. It is reported that the regulation involves blockchain startups.
Other states in the United States have also introduced related bills.
On January 24, Indiana also proposed abill, accepting cryptocurrencies as payment for state taxes.
On Jan. 23, New Hampshire’s subcommittee unanimously approved the state’s bitcoin tax billHB470 , allowing residents to pay certain taxes in bitcoin. The bill is currently awaiting another vote by the executive branch and executive committee.
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