Alaska Bitcoin Reserves and Cryptocurrency Laws

Alaska Bitcoin Reserves and Cryptocurrency Legislation

Alaska Bitcoin Reserve Overview

No Official Reserves
Friendly Regulatory Status
Supportive of Crypto Innovation and Blockchain Technology

Alaska Bitcoin Reserves

Alaska Legislative Breakdown

State	BTC Reserves	% of Global Holdings	Legal Status	Last Updated	Key Laws and Regulations
Alaska (AK)	No Official Reserves	0%	Friendly	2025-05-24	Alaska Uniform Money Services Act (2023): Defines virtual currency as a medium of exchange; requires money transmitter licenses for crypto businesses with Limited Licensing Agreements prohibiting virtual currency transmission (AS 06.55.990) HB 180 (2017): Proposed including virtual currency in money transmission regulations, stalled in legislature 2024 Blockchain Bill: Encourages blockchain use for governmental applications like record-keeping and voting systems No state income tax; federal capital gains tax (15–20%) applies to crypto earnings ~30,000 residents (~4% of population) use crypto; $500M in transactions (2023–2024, est.) Low electricity costs and cold climate support crypto mining 16 Bitcoin ATMs, primarily in Anchorage (2024) No specific legislation for state-held Bitcoin reserves as of 2025

Alaska Bitcoin Reserve Status

Current status: NO OFFICIAL RESERVES

Alaska has not established a state Bitcoin reserve but fosters a crypto-friendly environment through a clear regulatory framework and no state income tax. The state supports blockchain innovation, including proposals for blockchain-based voting systems, and benefits from low electricity costs for crypto mining.

No funds have been allocated for Bitcoin reserves. Alaska prioritizes regulatory clarity for crypto businesses and blockchain technology adoption over state-held cryptocurrency reserves.

1/1/2023

AMENDED REGULATIONS

Alaska amended money transmitter regulations (3 AAC 13.990) to include virtual currency in the definition of monetary value, requiring crypto businesses to obtain a money transmitter license with a Limited Licensing Agreement.

2024

SIGNED INTO LAW

Alaska legislature passed a bill encouraging blockchain technology for governmental applications, including record-keeping and potential voting systems.

3/18/2017

PROPOSED

House Bill 180 introduced to define and regulate virtual currency under money transmission laws, but the bill stalled in legislature.

Alaska Bitcoin Reserves and Cryptocurrency Legislation

Alaska Bitcoin Reserve Overview