Legal & regulatory environment

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Wyoming has enacted over 30 crypto-specific laws, including protections against compelled disclosure of private keys, legal recognition of digital assets as property and the creation of a fintech regulatory sandbox

Wyoming is preparing to launch a fully-backed state stablecoin, the Wyoming Stable Token (WST), as part of its efforts to boost the state’s economy and strengthen its position as a leader in digital asset regulation

Kraken stated that the consistency and clarity of Wyoming’s regulatory environment were key factors in its decision to establish a physical headquarters in the state

Wyoming’s legal framework includes exemptions from property and sales taxes for cryptocurrencies, along with commercial law recognition of digital assets

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