North Dakota Lawmakers Dither on ‘Online Currencies’ Regulation
North Dakota remains undecided whether to regulate cryptocurrencies as legislation is passed and rejected by various state committees. Controlling ‘Online Currencies’ A bill advocating a study be made as to whether various businesses need a license to deal in crypto passed the State Senate. However, a House committee gave it a unanimous “do not pass” recommendation, local news resource KFYRTV reports. While it is likely the study will go ahead, the bill originally contained much wider reaching implications. Businesses or “services” would be licensed to “maintain control of online....
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A proposal to study bitcoin regulation in North Dakota has reportedly run into some opposition. As reported last week by CoinDesk, North Dakota’s legislature has taken up a measure that, if passed, would mandate a study into how the state could approach putting together a legislative framework for the tech. Bill 2100 was submitted at the request of financial regulators at the end of last year, passing unanimously in the State Senate on 12th February. From there, it advanced to the North Dakota House of Representatives, the state legislature’s lower chamber, being taken up by the Industry,....
Legislators in North Dakota are quietly – but quickly – advancing a measure to study how the state should approach regulating digital currencies like bitcoin. Public records show that at the end of last year, the North Dakota Senate’s Industry, Business and Labor Committee put forward Bill 2100, which included language for a report on the feasibility of regulating bitcoin. The bill was introduced at the request of the state’s Department of Financial Institutions, the chief finance regulator for the state. The measure was passed unanimously in the Senate on 12th January with 46 votes. The....
A city in the U.S. state of North Dakota has begun accepting cryptocurrencies for utility bill payments. The city’s finance director says, “We are the first municipality in the state of North Dakota, and the third in the nation, to offer this service.” City Government Accepts Crypto Payments The city of Williston in the U.S. state of North Dakota announced Thursday that “it now accepts digital cryptocurrency payments for utility bills.” The city’s finance director, Hercules Cummings, explained that Williston has partnered with Bitpay to accept....
North Dakota officials are luring in crypto mining companies to set up in the state. With $3B already invested, and with $3B said to be on the way, they're doing well so far. North Dakota government officials rocked up to the Bitcoin 2022 conference in Miami to lure cryptocurrency miners into their greener pastures. They came with the promise of the “cleanest crypto on the planet.” The North Dakota Commerce Department dropped $35,000 on the trip, saying it expected a return of 20,000% or more from its presence at the conference. The department announced that the state has already secured....
Bitzero is planning to build the central headquarters for bitcoin mining operations in North Dakota valued at $500 million