Wyoming is looking to be the first state in the U.S. to offer clear banking permissions specifically meant for cryptocurrencies and digital assets. It is worth noting that the state is trying to pass a bill that would recognize digital currencies as money.
Beam, the newly-launched privacy-focused cryptocurrency, revealed that its blockchain was suffering from some technical difficulties. The announcement was made official by the company via its Twitter account.
The CEO, president and chairman of CBOE or Chicago Board Options Exchange named Ed Tilly suggested that there is a significant need for Bitcoin exchange-traded notes (also known as ETNs). According to him, this would give all Wall Street institutional investors the ability to join the cryptocurrency space.
The state of Wyoming has just made a significant move in order to advance and legitimize cryptocurrencies, as well as businesses that offer or utilize the blockchain technology. The state reportedly put forward a bill that will clarify the very legal position of all digital assets, including those that are in custody via banks rather than the usual financial institutions.
Bitcoin burst onto popularity sometime in 2009, and since then, the world’s leading cryptocurrency has taken the world by storm. It has even become a medium specifically meant for all types of transactions. And just like the prominent U.S. dollars – including other government-issued currencies – the digital currency has found utilize cases in terms of illicit transactions.
Binance is known to be among the largest cryptocurrency exchange in the world. Interestingly, it has announced its intentions to increase its reach and spread to a total of eight different countries. And it is something that the company is looking to achieve by the end of 2019.