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- 🎉 Hey Gate Square friends! Non-stop perks and endless excitement—our hottest posting reward events are ongoing now! The more you post, the more you win. Don’t miss your exclusive goodies! 🚀
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4. Submissions must be original and comply with community guidelines. Plagiarism or re - 🎉 The #CandyDrop Futures Challenge# is live — join now to share a 6 BTC prize pool!
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Wyoming opens insurance company to invest in digital assets, the first in the United States, effective July.
Wyoming has recently revised its insurance regulations to open up channels for domestic insurance companies to invest in digital assets. This amendment was passed by the state legislature last month and will officially take effect on July 1. The regulation allows insurance companies to include digital money such as Bitcoin in their investment portfolios, which is a first in the field of insurance regulation in the United States.
A law firm commented that while the amendment sets a precedent in the United States, it remains to be seen whether insurance companies will actually take advantage of this opportunity. This move reflects Wyoming's open attitude towards cryptocurrency and blockchain technology.
In fact, over the past two years, Wyoming has introduced a series of friendly policies in the field of cryptocurrency. These policies include recognizing cryptocurrency as legal currency and providing favorable tax treatment for cryptocurrencies. These measures have made Wyoming one of the most cryptocurrency and blockchain technology-friendly states in the United States.
The revision of the insurance regulations further highlights Wyoming's proactive attitude in promoting the integration of digital assets into the traditional financial system. This policy change may introduce new investment options for the insurance industry, while also bringing potential institutional investors to the cryptocurrency market. However, the specific implementation effects will take time to verify.