Wyoming Passes Batch of Crypto-Friendly Laws

Investing.com - Wyoming has taken a big step forward in its efforts to attract crypto startups with the passage of five laws favorable to digital currencies and blockchain technology. The most important law may be the one exempting cryptocurrencies from state laws governing money transmitter or money transfer services, which is meant to encourage virtual currency exchanges to set up shop in the state.Another law exempts utility tokens--ones used solely for goods and services -- from state securities laws.A third exempts cryptocurrencies from state property taxes, as is already the case with cash, gold and silver.The remaining two laws cover the use of blockchain technology in records storage and protections for limited liability corporations.All but the LLC bill became law immediately upon the Wyoming governor's signing.