Wyoming allows insurance companies to invest in digital assets, effective July 1.

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Recently, Wyoming in the United States has adjusted its insurance regulations, opening the door for domestic insurance companies to invest in digital assets (such as Bitcoin). This amendment was passed last month and will officially take effect on July 1. This move has attracted widespread attention in the industry.

A well-known law firm commented on this, considering it a groundbreaking move among similar regulations in the United States. However, they also pointed out that it remains to be seen whether insurance companies will actually make use of this new rule.

It is worth noting that Wyoming has long been known for its friendly attitude towards cryptocurrency and blockchain technology. Over the past two years, the state has successively introduced a series of related laws, including recognizing cryptocurrency as a form of currency and providing favorable tax treatment for cryptocurrency. These measures undoubtedly provide a favorable legal environment for the development of digital assets.

This latest regulatory amendment again highlights Wyoming's foresight in promoting the development of cryptocurrency and blockchain technology. With the formal implementation of the regulations, the industry will closely monitor its actual impact and whether other states will follow suit.

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RugPullAlertBotvip
· 8h ago
This insurance company needs to be careful once they invest.
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SorryRugPulledvip
· 8h ago
Is this the regulatory framework? It's a bit of a long shot to solve immediate problems.
View OriginalReply0
DefiPlaybookvip
· 8h ago
Wow, these financial institutions have finally started to take advantage of crypto.
View OriginalReply0
rekt_but_vibingvip
· 8h ago
Finally starting to catch up with the times!
View OriginalReply0
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