Legislation looks to palliate bitcoin exchange in Wyoming

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CHEYENNE, Wyo. (AP) – State legislators have introduced a check that would make digital currencies, like bitcoin, equal to a U.S. dollar in bank transactions.

The Wyoming Tribune Eagle reports (http://bit.ly/1SAOS9G ) that a check brought by a bipartisan organisation of lawmakers would rectify a Wyoming Money Transmitter Act to concede digital currencies to be a approving investment.

Currently, businesses that understanding in financial exchange need to have an equal volume of both bitcoins and U.S. dollars in haven when doing business in bitcoins.

Under a legislation, those businesses would usually need to have bitcoins in haven in those cases.

The bill’s categorical sponsor, Republican Rep. Tyler Lindholm of Sundance, says a legislation aims to “level a personification field” for bitcoin and other digital currencies.


Information from: Wyoming Tribune Eagle, http://www.wyomingnews.com

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