A bill proposed by the Texas legislature will require that all receivers of cryptocurrency in regular transactions verify the identity of the cryptocurrency sender before accepting any payment.
The current approach is a logistical “nightmare" for cities, the state and legal marijuana businesses, says the group. Paying taxes in cryptocurrencies like bitcoin could be a solution.
The proposed bill, which was introduced by Representative Ted Budd, is seen as a positive move from U.S. lawmakers, which aims to mitigate the use of cryptocurrencies in terrorist financing.
The Bermuda Monetary Authority has spearheaded a new bill that will establish a novel, restricted banking license to encourage banks to provide their services to fintech companies.
Malta's parliament just approved three blockchain-related bills into law, further cementing the country as one of the most crypto-friendly jurisdictions in the world.
