Idaho Bitcoin Reserves and Cryptocurrency Laws

Idaho Bitcoin Reserves and Cryptocurrency Legislation

Idaho Bitcoin Reserve Overview

No Official Reserves
Friendly Regulatory Status
Supportive of Bitcoin and Blockchain Activities

Idaho Bitcoin Reserves

Idaho Legislative Breakdown

State	BTC Reserves	% of Global Holdings	Legal Status	Last Updated	Key Laws and Regulations
Idaho (ID)	No Official Reserves	0%	Friendly	2025-03-13	Bitcoin Protection Act (SB 1296, 2024): Protects the right to self-custody, use, and trade Bitcoin; prohibits discriminatory taxes on Bitcoin mining HB 585 (2024): Exempts cryptocurrency mining from local planning and zoning rules, unless applied to data centers Digital Assets Act (2022): Excludes virtual currencies from Idaho's Uniform Securities Act, clarifying they are not securities Idaho Money Transmitters Act: Regulates crypto-fiat transactions; Department of Finance may issue no-action letters for certain crypto activities No state income tax; federal capital gains tax (15–20%) applies to crypto earnings ~50,000 residents (~2.5% of population) use crypto; $800M in transactions (2023–2024, est.) Approximately 8 Bitcoin ATMs, primarily in Boise and Idaho Falls (2024) No legislation for state-held Bitcoin reserves as of 2025

Idaho Bitcoin Reserve Status

Current status: NO OFFICIAL RESERVES

Idaho has not established a state Bitcoin reserve, and no legislation for such a reserve has been proposed as of 2025. The state fosters a crypto-friendly environment through the Bitcoin Protection Act (2024), which safeguards self-custody and trading rights, and HB 585, which supports cryptocurrency mining. Idaho's lack of state income tax further enhances its appeal for crypto users.

No funds have been allocated for Bitcoin reserves. Idaho prioritizes protecting individual Bitcoin use and mining operations over state-held cryptocurrency reserves.

3/13/2024

SIGNED INTO LAW

The Bitcoin Protection Act (SB 1296) was enacted, protecting the right to self-custody, use, and trade Bitcoin, and prohibiting special taxes on Bitcoin mining.

3/20/2024

SIGNED INTO LAW

HB 585 was passed, exempting cryptocurrency mining from local planning and zoning rules unless those rules also apply to data centers.

4/28/2022

SIGNED INTO LAW

The Digital Assets Act was enacted, excluding virtual currencies from Idaho's Uniform Securities Act, clarifying they are not securities.

Idaho Bitcoin Reserves and Cryptocurrency Legislation

Idaho Bitcoin Reserve Overview