Wyoming Senate passes bill recognizing cryptocurrency as money138

On February 2, Wyoming senators passed a bill which clarifies the classification of crypto assets. This bill places cryptoassets into three categories: (1) digital consumer assets, (2) digital securities, and (3) virtual currencies.

According to the bill, which was introduced in January 2019, digital consumer assets will be considered general intangibles, digital securities will be considered securities and investment properties, and virtual currencies will be considered money.

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