Wyoming maintains a progressive and crypto-friendly regulatory environment with specific laws such as the Wyoming Digital Asset Law and SPDI Act. The state actively supports economic development in the crypto sector, including licensing for virtual currency kiosks.
| Status | crypto_friendly |
| Risk Score | 15/100 (Low Risk) |
| Region | north america |
| Currency | USD |
| Capital Gains (Personal) | Taxed as property under federal rules; no additional state capital gains tax |
| Capital Gains (Corporate) | Subject to standard corporate income tax rates; no special crypto tax |
| VAT on Crypto | No |
| Staking Tax | Taxed as ordinary income upon receipt |
| Airdrop Tax | Taxed as ordinary income upon receipt |
Wyoming follows federal tax treatment for crypto with no additional state capital gains tax. Mining and staking rewards are taxed as ordinary income.
| Required | Yes |
| Regulator | Wyoming Division of Banking |
| Framework | Wyoming Digital Asset Law (HB 70, 2019); Wyoming SPDI Act (HB 74, 2019); Wyoming Money Transmitters Act with virtual currency kiosk provisions (HB 0075, 2026) |
| Ease | medium |
| Cost (USD) | $5,000 - $500,000 (SPDI charter requires significant capital) |
Licensing is well-defined but requires compliance with state banking and money transmitter regulations. Virtual currency kiosks require specific licensing as of 2026.
No significant enforcement actions reported; jurisdiction actively encourages crypto business
| KYC Required | Yes |
| Travel Rule | Yes |
| FATF Member | Yes |
| FATF Status | compliant |
| FATF Body | FATF |
| Suspicious-Activity Reporting | Yes |
Status: regulated
DeFi activities are subject to existing financial regulations and licensing requirements under Wyoming law.
Status: specific_framework
Wyoming Stable Token Act (2023) provides a clear regulatory framework for stablecoins issued and operated within the state.
Status: no_rules
No specific NFT regulation; generally permitted
| Legal | Yes |
| Electricity Cost | $0.05/kWh |
| Renewable Energy | 20% |
| Infrastructure | good |
Wyoming offers low electricity costs and a favorable climate for mining with good infrastructure and legal clarity.
| Stability | very_stable |
| Sanctions | No |
| Corruption Index | 70/100 |
| Banking Access | open |
| Sanctions Program Active | Yes |
Risk Factors
Wyoming benefits from the stable U.S. political environment, strong rule of law, and open banking system favorable to crypto businesses.
Wyoming maintains a progressive and crypto-friendly regulatory environment with specific laws such as the Wyoming Digital Asset Law and SPDI Act. The state actively supports economic development in the crypto sector, including licensing for virtual currency kiosks.
Wyoming is classified by FATF as: compliant.
Yes, licensing is required for VASPs.
KYC is mandatory for crypto businesses.
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Explore IT Services →Last reviewed: 2026-09-25 · Data source: Soken Crypto Legal Map
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