Kentucky Loosens Crypto Rules with Self-Custody Revisions

The state of Kentucky has taken steps to ease its cryptocurrency regulations by removing self-custody restrictions from a draft bill. This move allows individuals to hold and control their own Bitcoin without requiring a governing body's custody, giving them greater control over their digital assets.

The amendment clarifies the regulation of licensed digital currency businesses, separating them from individual ownership. Commercial custodial services are now subject to anti-fraud and anti-money laundering provisions, while individual ownership remains unregulated.