Regulation News

Wyoming, The First Country to Apply Digital Asset Custody Rules

The US state of Wyoming has introduced a new set of rules to regulate the digital asset custody platforms. The rules are for its rules for its so-dubbed “blockchain banks,” covering areas such as forks, airdrops, and staking. 

Wyoming Blockchain Task Force president Caitlin Long announced the news through a series of tweets. With this announcement, Wyoming has become the first country to unveil Crypto Custody Rules for ‘Blockchain Banks’. “A qualified custodian shall maintain customer digital assets, funds and other securities which are not digital assets,” she further noted.

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Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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