US Representatives Add Digital Currencies to the 2021 Defense Bill
The United States government is preparing to pass the 2021 National Defense Authorization Act (NDAA) and the latest bill includes a broad definition of currencies and includes “digital currencies.” However, after more than 50 NDAA bills passed, President Donald Trump plans to veto the act which is expected to authorize more than $740.5 billion. U.S. Congress members are expected to complete the National Defense Authorization Act (NDAA) for the 2021 fiscal year. The NDAA is the name for a series of U.S. laws that involve the U.S. Department of Defense and the entity’s....
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Cryptocurrency regulation in Paraguay is progressing steadily, as a crypto bill introduced in December has been approved by the Chamber of Representatives in the country. The bill, which contains definitions and rules for cryptocurrency mining, one of the hot topics in Paraguay due to the cheap electricity costs, will be passed to the Senate to be discussed.
Paraguay Advances Crypto Bill
Latam countries are taking cryptocurrencies in a more serious light, and are now working to approve cryptocurrency legal frameworks. This is the case of Paraguay, a country that has been....
Democratic representatives Mark Nakashima and Chris Lee from Hawaii have sponsored a bill in hopes of creating a friendly environment for Bitcoin and blockchain technology in the island state. The proposed legislation encourages using these technologies to benefit the local region’s tourism. Hawaii’s House Bill 1481 Sees ‘Vast Potential’ in Digital....
A bill calling for specific regulation of digital currencies such as bitcoin has been approved by the North Carolina House of Representatives and has moved to the state Senate for further deliberation. House Bill 289 seeks to enact a new Money Transmitters Act (MTA), which would specifically address the transmission of virtual currencies such as bitcoin. It was submitted by Republican Representative Stephen M. Ross, who outside of his capacity as a state representative serves as a vice president and investment officer at Wells Fargo. He filed the bill on behalf of the North Carolina's....
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....