Title: Establishes Special Purpose Depository Institutions to Serve Blockchain Businesses
Signed by Governor Mark Gordon
Title: Establishes Special Purpose Depository Institutions to Serve Blockchain Businesses
Title: Establishes Special Purpose Depository Institutions to Serve Blockchain Businesses
Vote to pass with amendment a bill that establishes special purpose depository institutions (SPDIs) for holding cryptocurrency assets.
Defines “bank” to include any corporation and special-purpose depository institution subject to previously set limitations (Sec. 3).
Defines “Wyoming financial institution” as any bank, savings and loan association, a special purpose depository institution or trust company chartered or organized under Wyoming laws (Sec. 3).
Specifies that for the purposes of this act, a special purpose depository institution may refer to itself as a bank (Sec. 3).
Specifies that nothing in this act shall prohibit a special purpose depository institution from obtaining FDIC insurance if available (Sec. 3).
Title: Establishes Special Purpose Depository Institutions to Serve Blockchain Businesses
Title: Establishes Special Purpose Depository Institutions to Serve Blockchain Businesses