Wisconsin Bill Could Exempt Bitcoin Mining, Staking and Exchanges From Money Transmitter Licenses

Wisconsin crypto bill AB471 would exempt mining, staking, node operation and certain digital-asset exchanges from state money transmitter licensing, allowing businesses and individuals to accept and custody digital assets without DFI licenses, provided transactions do not convert assets to legal tender or bank ￰0￱ mining, staking and node operation from money transmitter rules Exchanges are exempt only when no conversion to legal tender or bank deposits occurs Bill progress tracked at 25% with referral to the Committee on Financial Institutions () Wisconsin crypto bill AB471 could exempt mining, staking and exchanges from money-transmitter licensing—read how it affects businesses and ￰1￱ next steps.

A new bill in Wisconsin could exempt local crypto users and businesses from money transmitter licenses, boosting mining, staking, and blockchain ￰2￱ lawmakers introduced Assembly Bill 471 on Monday to carve out explicit exemptions from state money transmitter licensing for a range of blockchain ￰3￱ bill text from the Wisconsin Legislative Reference Bureau clarifies that individuals and businesses would not need Department of Financial Institutions (DFI) money transmitter licenses for activities such as crypto mining, staking, node operation and blockchain software ￰4￱ AB471, exchanging digital assets is exempt when the transaction does not involve conversion to legal tender or deposits to deposit ￰5￱ proposal aims to reduce regulatory uncertainty for local developers and service ￰6￱ of AB471 Bill.) permission to operate nodes and participate in protocol operations; 2) allowance for blockchain software development; 3) clarity on peer transfers of digital assets; and 4) protected activity for staking on blockchain protocols.