US: Bill Exempting Non-Custodial Crypto Services From Certain Laws Reintroduced to Congress

A invoice exempting firms offering non-custodial crypto providers from sure state cash transmitting legal guidelines has been resubmitted to the Congress.

A invoice exempting firms offering non-custodial crypto providers from sure state cash transmitting legal guidelines has been resubmitted to the United States Congress. Data confirming this was printed on the Congress’ official web site on Jan. 14.

The invoice, titled “To present a protected harbor from licensing and registration for sure non-controlling blockchain builders and suppliers of blockchain providers,” was submitted by U.S. congressman Tom Emmer and co-sponsored by congressman Darren Soto.

Emmer has already proven curiosity in cryptocurrencies and blockchain know-how previously, and has been featured within the listing of the members of the U.S. Congress concerned in crypto, which Cointelegraph printed in March final 12 months.

As Cointelegraph reported in September 2018, Emmer plans to introduce three payments supporting blockchain know-how and cryptocurrencies, together with the one resubmitted most not too long ago. The different two payments are “Resolution Supporting Digital Currencies and Blockchain Technology” and “Blockchain Regulatory Certainty Act.”

In October information broke that U.S. Representatives Doris Matsui and Brett Guthrie have proposed a invoice dubbed the “Blockchain Promotional Act 2018” to the U.S. House of Representatives.

In June 2018, Cointelegraph reported that the U.S. House of Representatives Financial Services Committee has proposed a invoice which might provoke a examine on how cryptocurrencies are utilized in intercourse trafficking.

Original supply: https://cointelegraph.com/news/us-bill-exempting-non-custodial-crypto-services-from-certain-laws-reintroduced-to-congress

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Source: BTC Upload