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KRS 369.135

Use of digital assets as method of payment and use of wallet -- Prohibition against additional taxes or withholdings

Known as the Uniform Electronic Transactions Act

The act spans §§ 369–369 (26 sections).

Effective: June 27, 2025 History: Created 2025 Ky

(1) An individual shall not be prohibited from:

(a) Accepting digital assets for payment for legal goods or services; or (b) The use of a wallet.

(2) Digital assets used as a method of payment shall not be subject to additional taxes, withholdings, assessments, or charges that are based solely on the use of the digital asset as the method of payment.

(3) This section shall not:

(a) Prohibit the imposition or collection of taxes, withholdings, assessments, or charges on digital assets used as the method of payment when the same imposition and collections of taxes, withholdings, assessments, or charges are made on similar transactions which use the legal tender of the United States as the method of payment; or (b) Require any person to accept digital assets for payment for legal goods or services.

Official source: Kentucky General Assembly. Reproduced from public-domain Kentucky statutes; confirm against the official source for the current text. Not legal advice.