[2016-01-23] Bitcoin Bill Introduced to Wyoming Legislature

[crossabdd]

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 ”permissive investments”. Under current legislation, businesses that deal in virtual currencies must maintain double reserves for each transaction.

http://themerkle.com/news/8838/

[Fulmand]

"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 Coinbase have refused to conduct business in the state of Wyoming."

If passed, Coinbase might operate there.