Wyoming Senate Recognising Cryptocurrency as Money

Finally it's happening, use your cryptocurrency for real transaction, buy something from your crypto wallet, In Wyoming cryptocurrencies are now recognised as actual money, Wyoming's Senate has recently passed a bill recognising cryptocurrency as money. Wyoming's Senate has also begun to establish regulations aimed at making crypto transactions safer and legitimately 

According to the Wyoming's Senate bill passed a few days ago, digital coins are now "legal property". Some of the regulations that will be put in place regarding digital assets will be the same as the ones existing for money.

Cryptocurrencies are defined as "intangible personal property and shall be considered securities and investment property". You can use it for buy something in some of the stores or department stores. 

Wyoming Senate passed bill also states that banks will be allowed to provide custodial services for digital assets. Here's the detail words, "A bank may provide custodial services for digital assets. A bank may serve as a qualified custodian, implement all accounting, account statement and internal control."

And please do notes, The bill passed on Feb. 1 and will go into effect on Mar. 1.

But by the way, This is not the first step taken by the state of Wyoming in favour of cryptocurrencies. Wyoming is the least populated state in the US with an economy mainly based on agriculture. Wyoming's Senate In an attempt to re-launch its economy in line with the 2017 Economically Needed Diversity Options for Wyoming Program, the state has been taking crypto-friendly action more user friendly to

Yeah finally Wyoming has been officially planning to expand its technology sector for over seven years now. It seems like it will continue to do so. Agriculture financing getting more hot than expected, with cryptocurrencies existence