Bill in the United States to protect electronic currency from government intervention

Bill in the United States to protect electronic currency from government intervention

by : @Abderrachidhafsi

             

Many members of the US Congress are drafting legislation aimed at introducing electronic currency and protecting it from interference by the federal government. According to DailyCaller, the bill, which will provide protection for encrypted e-works, which comply with the minimum requirements to prevent their use by those engaged in illegal business practices such as drug dealers and terrorists, is expected to be approved in September 2017. Based on a reliable source In it, it seeks a member of the Republican Council and two members of the Republican Congress to enact this law. However, legislators requested that this be not determined because of the sensitivity of the issue and the complexity of the proposed solution.

Basic features of the bill

According to the source, the bill will focus on how to make digital currencies as part of the dominant form of payments used in the country such as the dollar. The proposals also included the protection of the virtual currency from irritations by the federal government, the prohibition of currencies from being considered as a form of securities or investment, as well as the protection of currency transactions of these currencies.

The latest developments in the electronic currency market

During trading on August 18, 2017, the price of the new digital currency "Petcone Cash" rose 40 percent in the past few days. The most popular electronic currency, Bitquin, has continued to perform spectacularly, reaching $ 4,400. This leading virtual currency has already registered an increase of more than 300 per cent in 2017. However, the popularity of the Betquin coin has been tainted by some differences, including the claim that a young British model has been abducted and displayed at an auction in the dark internet market Under the name of "slave sex," with the claim that criminals pay ransom in the currency of the Betquin because the digital currency is not traceable. Several other cybercrime offenses have also been linked to the currency of the past years, making it extremely important that legislators develop special policies and regulations in electronic currencies.