CRYPTO PEOPLE, THIS IS HUGE!

in #cryptocurrency5 years ago (edited)

United States Will Soon Have the First Digital Asset Bank, FreeRange, Thanks to a Wyoming Holding Company


The Special Purpose Depository Institution bill (HB0074) was signed by Governor Mark Gordon this week, implementing a law that made it possible for Wyoming to host “crypto banks,” which no other state has done yet. Caitlyn Long, a blockchain proponent and an advisor with the Wyoming Blockchain Coalition, explained that the law will hopefully put aside the “horror stories” of crypto startups seeing their liquidity blown away.

Blockchain companies have seen a lot of roadblocks in the banking industry, considering that they are federally regulated and that their policies on cryptocurrencies have been a little unclear. COO Amber Terrasas of FreeRange explained that blockchain companies need to be allowed to hold and use bank accounts to show their validity as a US-based company.

Even though Wyoming brought forth positive legislation for blockchain technology this year, the companies that use it have still been unable to bank anywhere. This blockage causes a separate issue in the companies’ ability to pay withholding taxes and related fees. With so many software and IT developers using blockchain, Terrasas believes that something needs to be done to create the right atmosphere in the banking industry, both statewide and nationwide. Conrinue Reading Here

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More and more great news are coming on crypto but why doesnt that change the price?
How come we are still in the bear market?

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Is not a problem with cryptocurrency, it’s lack of patience and understanding of how markets behave 😊

the virtual currencies is the new future !

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