Wyoming legislators passed two new bills making Wyoming an official "bitcoin friendly" state, this coming after a failed attempt to pass friendly legislature back in 2016.

House Bill 70, the “utility token bill”, was passed by the senate on March 7th.

The bill states that “Open Blockchain tokens” offered through an Initial Coin Offerings (ICO's) are exempted from regulation providing the token hasn’t been marketed “as an investment” and is used as a payment method or other asset eligible for exemption. 

Two days prior on March 5, the state passed House Bill 19 exempting virtual currencies from the Wyoming Money Transmitter Act.

This also means that Wyoming moves from a "grey area" to a "friendly" status on the regulation tracker. You can view the map using the button below.

Interactive Regulation Map






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