- Wyoming – a state renowned for cowboy towns and national parks – is taking steps towards becoming the cryptocurrency capital of the United States by adopting novel regulatory policies, including establishing the first Special Purpose Depository Institution (SPDI) bank charter that allows institutions to house cryptocurrency alongside USD deposits with 100% backing of digital assets. Will Wyoming’s unique approach allow it to become the center of this innovative industry, or will it be a cautionary lesson of what can go wrong when straying from established regulatory norms?
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BITCOIN COWBOYS: WILL WYOMING BECOME THE NEXT CRYPTO CAPITAL?
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