
US lawmaker introduces federal crypto regulations
The U.S. could be inching closer to creating a regulatory framework for cryptocurrencies and initial coin offerings (ICO).
The U.S. could be inching closer to creating a regulatory framework for cryptocurrencies and initial coin offerings (ICO).
As many 80 individuals from the cryptocurrency and financial industry sector descended upon Capitol Hill to provide their insight and suggestions on how to make the space more attractive in the United States.
Despite attempts by terrorist organizations to raise money through crypto, they haven’t been successful, according to a U.S. Congress report.
US Congress filed a bill that would enable Financial Crimes Enforcement Network (FinCEN) to oversee the cryptocurrency space in order to report how digital currency could be used for money laundering, terrorism or other illicit activities.
On Thursday, U.S. lawmakers held a couple of hearings centered on cryptocurrencies and designed to provide congressional members with much-needed knowledge on the subject.