A US lawmaker in Nebraska is proposing a bill that would allow state banks to regulate cryptocurrencies.

2021-1-21 10:18
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According to the Cointelegraph, US Senator Mike Flood has announced a new cryptocurrency-friendly policy that could lead to Nebraska's next administration of high-tech financial companies. She introduced the “Digital Asset Trading Act” today at the 107th Congress and passed the “Nebraska Financial Innovation Act”. Both bills provide information on digital asset management to public banks and financial institutions created to engage in digital asset trading, and Nebraska provides 'authorization', operations, supervision and care ”for these organizations. These measures also allow regional courts to hear complaints concerning “digital heritage and justice”. The deal also addresses the issue of U.S. banks using cryptocurrencies to discriminate against businesses and consumers. In July of last year, financial institutions announced that they would allow government-recognized banks to provide regulatory services for cryptocurrencies. The flood ruling does not apply to government-recognized banks in Nebraska, but the proposal appears to be an attempt to extend those benefits to state-recognized banks.

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2021-1-21 10:13