Representatives Darren Soto, Brett Guthrie, and Doris Matsui introduced the draft legislation which would task the Secretary of Commerce to commence a formal study into blockchain tech, while introducing measures to protect the U.S. from blockchain rules and industries in other countries, including China.
The bill is seen as a response to measures in China, where authorities are already preparing a roll-out of the digital yuan domestically, which will allow citizens to pay for a range of goods with the currency via their digital wallets.
Meanwhile in South Korea, authorities have begun relying on blockchain technology to verify the identity of its citizens, igniting a fierce battle amongst the country’s leading tech companies for blockchain supremacy.
Led by three of the country’s leading telecoms companies, a scheme tied to the PASS driving license mobile ID platform has been in use since May, with over a million citizens already using the app to verify their identities.
Bitcoin SV wallet Centbee announced that its users are now able to withdraw funds directly to their bank accounts, making it more flexible than ever before for those using their Centbee business wallet for receiving money.
New and exclusive from us!
Cash Withdrawals from Centbee Wallet direct to your bank account.
Top-up, spend and now cash withdrawals! 💵
We're the first to offer a full end-to-end payment experience.
Only on Centbee
And only with #BitcoinSV
* available in some countries pic.twitter.com/wj4L5TEYYh
— Centbee ™ (@Centbee) September 2, 2020
At the same time, Bitcoin powered social network platform Twetch has unveiled Twetch Chat, an encrypted chat service powered by BSV.
Introducing Twetch Chat 🗣 — Encrypted Messages using Bitcoin
– Fully encrypted using Bitcoin, AES and ECIES
– /Pay your friends on Twetch Chat instantly
– Only you control your messages and who can see them
— Twetch ✪ (@twetchapp) September 9, 2020
The CoinGeek Live Conference draws ever closer, uniting the world’s leading thinkers on blockchain and Bitcoin BSV to discuss the key issues of making BSV the world’s blockchain of choice. Broadcasting live from New York’s Manhattan Center and from Kennington Studio in London, the event looks set to be attended by delegates from around the world, keen to learn more about the BSV revolution.
Register your space today at the free-to-attend virtual conference.
New to Bitcoin? Check out CoinGeek’s Bitcoin for Beginners section, the ultimate resource guide to learn more about Bitcoin—as originally envisioned by Satoshi Nakamoto—and blockchain.