Wyoming may be the least populous U.S. state (it has 2.3 times more cattle than humans), but it has also been on a campaign to become the most crypto-friendly. It ranks No. 7 on CryptoHubs2023:
, , is the greater regulatory certainty, which is in short supply in the United States as a whole.
Later, other laws exempted cryptocurrency-related activities from the purview of the state money transmitter law, allowed companies to maintain their corporate records on blockchains and exempted virtual currencies from the state property tax, among other things., that is a regulated custodian for crypto assets. Crypto exchange Kraken and Custodia Bank, led by crypto evangelist Caitlin Long, are among a handful of firms that have acquired the SPDI status since 2020.
Moreover, unlike the U.S. regional banks that failed during a recent banking bout, SDPIs are prohibited from lending customer savings, offering a banking alternative that may be attractive to more than just bitcoiners.
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