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On February 2, Wyoming Senators pbaded a bill clarifying the clbadification of cryptographic badets. This bill clbadifies crypto-badets into three categories: (1) digital consumer badets, (2) digital values and (3) virtual currencies.
According to the bill introduced in January 2019, digital consumer badets will be considered as general intangible badets, digital securities will be considered securities and investment properties, and virtual currencies will be considered as money.
The bill also establishes a framework for banks to provide custodial services for cryptographic badets. Banks that agree to provide crypto custody solutions must provide "sixty (60) days written notice to the Commissioner".
The bill is now moving to the Wyoming House of Representatives for debate. The website of the State Legislature of Wyoming states that the bill would come into force on March 1, 2019.
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