Nevada Bitcoin Reserves and Cryptocurrency Laws

Nevada Bitcoin Reserves and Cryptocurrency Legislation

Nevada Bitcoin Reserve Overview

No Official Reserves
Very Friendly Regulatory Status
Pioneering Blockchain Laws and Crypto Payment Proposals

Nevada Bitcoin Reserves

Nevada Legislative Breakdown

State	BTC Reserves	% of Global Holdings	Legal Status	Last Updated	Key Laws and Regulations
Nevada (NV)	No Official Reserves	0%	Very Friendly	2025-03-15	SB 1127 (2025): Proposes allowing state agencies to accept cryptocurrency for fines, taxes, fees, and other obligations; pending as of May 2025 SB 398 (2017): Prohibits local governments from taxing blockchain use; recognizes blockchain records as legal electronic records SB 444 (2019): Establishes regulatory sandbox for blockchain and crypto businesses; exempts crypto from money transmitter licensing Pilot program (2023): Allows state fees to be paid in cryptocurrency through third-party processors No state income tax; federal capital gains tax (15–20%) applies to crypto earnings ~200,000 residents (~6% of population) use crypto; $4B in transactions (2023–2024, est.) Approximately 30 Bitcoin ATMs, primarily in Las Vegas and Reno (2024) No legislation for state-held Bitcoin reserves as of 2025

Nevada Bitcoin Reserve Status

Current status: NO OFFICIAL RESERVES

Nevada has not established a state Bitcoin reserve, and no legislation for such a reserve has been proposed as of May 2025. The state is a leader in crypto-friendly policies, with SB 398 (2017) banning blockchain taxes, SB 444 (2019) creating a regulatory sandbox, and a 2023 pilot program allowing crypto payments for state fees. SB 1127 (2025) proposes expanding crypto acceptance for taxes and fines, reinforcing Nevada’s blockchain hub status.

No funds have been allocated for Bitcoin reserves. Nevada prioritizes fostering crypto innovation and payment adoption over state-held reserves.

3/15/2025

PROPOSED

SB 1127 was introduced, proposing to allow state agencies to accept cryptocurrency for fines, taxes, fees, and other financial obligations; the bill is pending.

6/1/2023

LAUNCHED

A pilot program was launched, enabling state fees to be paid in cryptocurrency through third-party payment processors.

6/5/2019

SIGNED INTO LAW

SB 444 was enacted, establishing a regulatory sandbox for blockchain and crypto businesses and exempting crypto from money transmitter licensing.

6/13/2017

SIGNED INTO LAW

SB 398 was signed, prohibiting local governments from taxing blockchain use and recognizing blockchain records as legal electronic records.

Nevada Bitcoin Reserves and Cryptocurrency Legislation

Nevada Bitcoin Reserve Overview