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Cryptocurrency enthusiasts may want to consider moving to Nevada: It ranks as the No. 1 most crypto-friendly state in the U.S., according to. Buy Crypto & Bitcoin in Nevada � Kraken � Coinbase � Bitcoin IRA � Uphold � Gemini � Coinmama � Coinbase Advanced Trader � Bitcoin ATMs. Cryptocurrency operators must obtain a money transmitter license and surety bond to conduct business in Nevada.

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California Cash Equivalent California treats virtual currencies, such as bitcoin, as cash equivalents, and taxes purchases with virtual currencies the same as purchases made with cash. Buy in your Country Exchanges in your country. West Virginia does not specifically address the sales and use taxes implications of virtual currency, such as Bitcoin, although West Virginia generally imposes sales and use taxes on sales of tangible personal property and services. The state of Nevada has taken a very pro-crypto stance in regards to blockchain and cryptocurrencies in general.