04/03/19 12:49 UTC-4

Utah Law in the United States is considering the introduction of a transaction bill

Lawmakers from the state of Utah in the United States have introduced a bill according to which blockchainBlockchain
is a continuous and sequential block chain of information (digital linked list). When building a blockchain, copies of related blocks are simultaneously stored on multiple computers.Details
companies will not be classified as financial transactionTransaction
– is a financial term that means a logically meaningful operation that can only be carried out completely. Details

Interesting in the section: Salt and credit system


Bill 213

Senator Daniel Hemmert last week submitted for consideration a bill 213, which states that any person who "promotes the creation, exchange or sale" of certain products related to the blockchain should be exempted from state transaction law.

Currently, plans are under consideration by the Senate Committee on Transport, Utilities, Energy and Technology.

The bill also aims to create a legislative group called the Blockchain Project Evaluation Task Force to explore the potential of technology in public services. On November 30, 2019 or before this date, the task force should submit a report on the findings and recommendations, including any proposed legislation.

The developers explained: "crypto exchangers and service providers do not require a license to transfer currencies to work."

Interesting in the section: Bitcoin Cash, as the currency Bitcoin

However, the state of North Carolina took the opposite side of the state of Utah to introduce a transaction bill, adopting an update to the State Remittance Act, which obliges companies working with Bitcoins and other cryptocurrencies to obtain a license for remittances.

Editor: Yuliya Soroka

See also: "Launch of the new Bitcoin Lightning network update"

#law #Utah #USA #blockchain #transactions #bill213



17/05/19 06:00 UTC-4

#DropGold Bitcoin movement is now on American TV channels

​On May 16, it was reported that the popular American TV channels, National Geographic and Fox News, will broadcast a video ad for the DropGold movement. As it became known, the project was financed by Grayscale Investments and Barry Silbert.

03/05/19 09:00 UTC-4

Vitalik Buterin: Ethereum for people!

​On May 3rd, the Ethereum cryptocurrency developer stated that Ethereum coins are intended primarily for ordinary people. According to Vitalik Buterin, cryptocurrencies should become easier and more reliable.

22/05/19 08:24 UTC-4

Ethereum network update: $30 million was spent

Ethereum Foundation Spring 2019 Update has started. On May 21, the Ethereum Foundation announced on its blog about spending $30 million on the further development of the Ethereum network over the next year.

Hypes, funds, fiat money