U.S. state Wyoming has passed a bill that will classify cryptos as fiat currency, according to the document that was published on the state legislature website.
The bill titled "SF0125 - Digital assets-existing law" divides cryptocurrencies into three parts: digital assets, virtual currencies and digital securities.
Moreover, the bill states that financial institutions "may provide custodial services for digital assets consistent with this section upon providing sixty days written notice to the commissioner."
The bill comes into force on March, 1st, 2019.
Earlier, Ohio became the very first U.S. state to accept bitcoin as a payment option for taxes.
Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.