Cryptocurrency Bank License

Why Choose a Wyoming Cryptocurrency Banking License?

While one of the smallest in the United States by total population, Wyoming is undoubtedly the most progressive when it comes to the adoption and regulation of blockchain technologies. Since 2014, Wyoming has passed 15 specific articles of legislation aimed at attracting blockchain-related companies to the state. Wyoming also offers minimal franchise taxes and zero tax on corporate income. When compared to traditional states such as Delaware and Nevada, Wyoming provides superior privacy protection.

Most recently, Wyoming has ensured its banking environment is cryptocurrency-friendly. The Special Purpose Banking Institution was created to stimulate the commercial banking industry. The first banking structure of its kind in the United States, the Wyoming cryptocurrency bank provides a unique opportunity to leverage an untapped marketplace.

Wyoming is now the de-facto cryptocurrency capital of the United States, prompting many international corporations to choose Wyoming to establish their U.S.-based subsidiary. Average daily trading in Bitcoin alone exceeds $20 billion. The easiest, most cost-effective way to join this market is by applying for a Wyoming banking license.  

As worldwide adoption of cryptocurrency increases, the top ten cryptocurrency exchanges are proven to yield as much as $3 million per day. And with increasingly complex cryptocurrency regulations in leading markets such as the United States and European Union, Wyoming offers a cost-effective, lower-risk alternative.