As of now, Bitcoin is not regulated in the state of Nevada. However, that could soon change. The Nevada Assembly Bill 439, also known as the Uniform Regulation of Virtual-Currency Businesses Act, was recently introduced. This bill, if passed, would require businesses dealing with virtual currencies to obtain a license from the state’s Financial Institutions Division. The bill has been met with some opposition, but is still awaiting a vote. It is unclear what the future holds for Bitcoin in Nevada, but it is possible that regulation could be on the horizon. You can also visit our website for gaining knowledge about bitcoin trading.
Bitcoin has been in a bit of a slump lately, with the value of a single coin falling from a high of over $1,000 in December to less than $600 currently. However, there are still plenty of places in Nevada where you can use Bitcoin to buy goods and services.
Some businesses that accept Bitcoin include:
- The D Las Vegas Hotel & Casino
- The Golden Gate Hotel & Casino
- Lake’s Crossing Resort & Campground
- Reno eNVy Store
- Sparks Nugget Casino Resort
If you’re looking to invest in Bitcoin, or simply want to cash out your coins for fiat currency, there are also several Bitcoin ATMs located around the state.
So, even though the value of Bitcoin may be down at the moment, it’s still possible to use it in Nevada if you know where to look.
History of Bitcoin in Nevada
Bitcoin first came to prominence in Nevada in 2014, when the state’s gaming commission began exploring the possibility of using the cryptocurrency for online gambling. However, no concrete regulations were ever put in place and the idea was eventually abandoned.
In 2015, a bill was introduced in the Nevada Assembly that would have recognized Bitcoin as legal tender in the state. The bill did not pass, but it did show that there was some interest in Bitcoin among Nevada lawmakers.
2016 was a big year for Bitcoin in Nevada. The state’s first Bitcoin ATM was installed in Las Vegas, and a number of businesses began accepting the cryptocurrency. That trend has continued into 2017, with more businesses beginning to accept Bitcoin all the time.
It is unclear what the future holds for Bitcoin in Nevada, but it is possible that regulation could be on the horizon. In the meantime, there are still plenty of places where you can use Bitcoin in the state.
Current Situation of Bitcoin in Nevada
As of now, Bitcoin is not regulated in the state of Nevada. However, that could soon change. The Nevada Assembly Bill 439, also known as the Uniform Regulation of Virtual-Currency Businesses Act, was recently introduced. This bill, if passed, would require businesses dealing with virtual currencies to obtain a license from the state’s Financial Institutions Division. The bill has been met with some opposition, but is still awaiting a vote. It is unclear what the future holds for Bitcoin in Nevada, but it is possible that regulation could be on the horizon.
If you’re looking to invest in Bitcoin, or simply want to cash out your coins for fiat currency, there are also several Bitcoin ATMs located around the state. So, even though the value of Bitcoin may be down at the moment, it’s still possible to use it in Nevada.
Future of Bitcoin in Nevada
The future of Bitcoin in Nevada is uncertain. The state has yet to pass any regulations regarding the cryptocurrency, but that could change in the near future. The Nevada Assembly Bill 439, which would require businesses dealing with virtual currencies to obtain a license from the state’s Financial Institutions Division, is still awaiting a vote. It is possible that this bill will be passed, which would mean that regulation could be on the horizon for Bitcoin in Nevada. However, it is also possible that the bill will not pass, and the future of Bitcoin in the state will remain uncertain.
In the meantime, there are still plenty of places where you can use Bitcoin in Nevada if you know where to look. So, even though the value of Bitcoin may be down at the moment, it’s still possible to use it in the state.
Conclusion
The future of Bitcoin in Nevada is uncertain. The state has yet to pass any regulations regarding the cryptocurrency, but that could change in the near future. The Nevada Assembly Bill 439, which would require businesses dealing with virtual currencies to obtain a license from the state’s Financial Institutions Division, is still awaiting a vote. It is possible that this bill will be passed, which would mean that regulation could be on the horizon for Bitcoin in Nevada. However, it is also possible that the bill will not pass, and the future of Bitcoin in the state will remain uncertain.
In the meantime, there are still plenty of places where you can use Bitcoin in Nevada if you know where to look. So, even though the value of Bitcoin may be down at the moment, it’s still possible to use it in the state.
