US crypto regulation bill aims to bring greater clarity to DAOs
The Responsible Financial Innovation Act proposes a comprehensive set of regulations for the digital assets sector, and one potentially impactful section is DAOs. On June 7, United States Senators Cynthia Lummis and Kirsten Gillibrand launched the much anticipated Responsible Financial Innovation Act, proposing a comprehensive set of regulations that address some of the biggest questions facing the digital assets sector. By providing holistic guidance to the rapidly growing industry, the bill offers a bipartisan response to President Biden’s call for a whole-of-government approach to....
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A Bitcoin bill becomes law, a new form of Mac malware emerges, and Steemit uses digital currency to steer traffic. Want to catch up on the latest cryptocurrency news? Take a look at the stories below: THE NEWEST BITCOIN BILL. North Carolina Governor Pat McCrory has signed a new Bitcoin bill into law, expanding the state’s Money Transmitters Act to include cryptocurrencies. The bill defines virtual money as: “A digital representation of value that can be digitally traded and functions as a medium of exchange, a unit of account, or a store of value.” The words almost seem to suggest the....
The draft bill proposes to eliminate anonymous crypto projects, with DAOs, DeFi and exchanges required to legally register in the United States. A leaked copy of a United States draft bill concerning cryptocurrency started doing the rounds on Twitter earlier on Tuesday. The 600-page copy of the leaked bill highlights some of the key areas of concern for regulators including decentralized finance (DeFi), stablecoins, decentralized autonomous organizations (DAOs) and crypto exchanges.here you go (plz RT) pic.twitter.com/UOVhIUiUBu— slam (@bot_slam) June 7, 2022 User protection seems to be....
In a recent report, a project known as PrimeDAO is planning to launch a platform where many DAOs in the DeFi sector can meet for greater cooperation and coordination. DAOs are becoming an integral part of the crypto industry. These organizations serve many purposes such as fundraising, investments, buying NFTs, Charity,gog or Borrowing. All these […]
A Zimbabwean fintech lawyer, Prosper Mwedzi, recently initiated a process that seeks to bring recognition and regulation of cryptocurrencies. Under this private member bill procedure, a legislative proposition initiated by private citizens will be debated in the Zimbabwean parliament. If the crypto regulation bill succeeds in garnering the required support, it will become part of the country’s national laws. Meanwhile, Mwedzi’s attempt to use the private bill to bring regulation to Zimbabwe’s crypto space comes more than two years after the Reserve Bank of Zimbabwe (RBZ)....
The Congress of Colombia has approved a bill that regulates the behavior of cryptocurrency exchanges in the country in its first discussion, taking the first steps to bring clarity to this issue. One of the creators of the bill, Mauricio Toro, a representative of the Green Party, stated that this bill is needed to protect users from Ponzi schemes, giving them security in the crypto world.
Colombia Gets on the Crypto Regulation Road
More and more countries in Latam are realizing the growth and influence crypto and crypto-related businesses are seeing in their territories. Colombia....