North Dakota’s Bitcoin Regulation Hits Roadblock in New Hearing
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,....
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Regulatory policies are forming across many states in the U.S. concerning digital currencies. This week in North Dakota a bitcoin-related bill was unsuccessful moving forward during the state’s House of Representatives vote for Bill 2100. North Dakota’s Bitcoin Bill. Last year North Dakota’s Business and Labor Committee created Bill 2100 in order to....
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....
Like New York, many began looking at North Carolina with a questioning eye when it was announced the state would look into Bitcoin regulation earlier this year. The bill calling for regulation has advanced since it came to fruition in July, and many businesses and digital currency enthusiasts were ready to pack their bags in the event that things elevated from there. As we reach the end of 2015, it appears as though there are exceptions within the bill's lawful grasp. North Carolina is looking to be the new arena for cryptocurrency regulation, but not everyone will be regulated, it seems.....
Daniel Cawrey at CoinDesk broke down a few arguments for why government regulation on some level would be a benefit to Bitcoin. This has been a hot topic in the US since the November 18 Senate committee hearing on digital currencies. The basis for regulation, in his argument, comes from FinCEN Director Jennifer Shasky Calvery’s quote about mitigate risk while minimizing the burder on the currency. Cawrey touches on three areas of concern: Crime, privacy and the banks. Here is how limited regulation could assuage those concerns.
Brazilian Congressman Manoel Junior has proposed a public hearing to discuss bitcoin and digital currency regulation. The hearing, if held, would involve representatives from Banco Central do Brasil; the Receita Federal, the Brazilian tax enforcement agency. Conselho de Controle de Atividades Fiancerias, the country's anti-fraud agency; and representatives of the local bitcoin industry. CoinBR CEO Safiri Felix, the only company named in the official request, indicated that discussions about such a meeting have been ongoing since a report on the technology was released by the Brazilian....