Kansas

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Kansas passed SB 315 in 2024, modernizing its money transmission laws to provide clearer regulatory treatment of virtual currency businesses including Bitcoin exchanges and custodians. The legislation aligns Kansas with the Uniform Money Transmission Modernization Act (UMTMA) framework, reducing regulatory uncertainty for Bitcoin businesses operating in the state. Kansas also has no state income tax on capital gains from certain types of investments, making it relatively favorable for long-term Bitcoin holders.

Details

State
Kansas
Status
friendly
Capital
Topeka
Country
USA
Notable
UMTMA-aligned money transmission laws; favorable capital gains treatment for certain investments
Income Tax
Yes
Legislation
SB 315 virtual currency money transmission reform (2024)
Abbreviation
KS
Population Millions
2.9
Bitcoin Mining Rights
No
Bitcoin Friendly Score
medium

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