Title: TOP–10 Bitcoin Friendly States - Cryptalker
Headings: TOP–10 Bitcoin Friendly States
TOP–10 Bitcoin Friendly States
Table of Contents
State Crypto Currency Regulations
Best States for Bitcoin Users
Ohio
Wyoming
New Hampshire
Texas
Tennessee
Washington, D.C.
Best States for Bitcoin Mining
The five least expensive states:
Louisiana
Idaho
Arkansas
Washington
Summary
Christine Rebane

Content: The bill plainly states “that digital assets are property within the Uniform Commercial Code” and goes on to elaborate some of its ramifications. The Wyoming State Senate also passed a bill updating the classification of crypto assets, including a clause to formally label them as currencies. According to the text of the bill, crypto assets can be considered to have three different statuses for legal purposes: digital consumer assets, digital securities, and virtual currencies. In addition to the respective classifications of “general intangibles” and securities, the bill also states that “virtual currency is intangible personal property and shall be considered money.” New Hampshire
Lawmakers in New Hampshire have introduced a bill to legalize tax payments and state fees in Bitcoin and other cryptocurrencies. Due to market volatility and crypto price fluctuations, the bill states that cryptocurrencies received for bill payments are to be converted to US dollars using a third-party payment processor. If passed, state agencies would be able to start accepting cryptocurrencies from July 1, 2020. Texas
Texas Bitcoin, or “virtual currency” regulations have been deemed “friendly” by crypto insiders. The state has issued memorandums indicating that no money transmitter’s license will be needed to sell altcoins in the state.