US Government becoming friendlier to bitcoin - page 2.

elda34b

sr. member

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Quote from: Ozero on February 04, 2019, 11:58:12 PM

Maybe after that, bounty hunters will no longer demand to undergo a KYC check.

Whatever the act says, I'm not sure it has any relation to bounty hunter. Most project that you promote are doing an ICO, which adds additional layer of definition that can certainly falls to securities, even though the company offers a token/cryptocurrencies. ICO != cryptocurrencies, but ICO is likely the same as IPO. So don't be too hopeful, you can always choose to participate in a bounty that doesn't require KYC though.

Kakmakr

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Leading Crypto Sports Betting & Casino Platform

Ask yourself why they included this part.. " The key idea of the the second point is that something can be classified as a Digital Token if the rules of “creation and supply” can’t be altered by a central person or team. " - Source : https://medium.com/ethex-market/the-token-taxonomy-act-and-the-future-of-useful-tokens-59376fee9531

Do they want to make a clear distinction between government controlled tokens and public tokens for some reason and why?

They also clearly define, pre-sold tokens. No longer will people try to bypass legislation and taxes on FREE coins that were given to them in the initial phase of the marketing of these new Alt coins.

demenBTC

sr. member

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PRIVATE FEDERATED BLOCKCHAIN

Quote from: coinluck43 on February 04, 2019, 10:50:49 PM

The Token Taxonomy Act presented by Representatives Warren Davidson and Darren Soto will help bitcoin and cryptocurrency get acceptance for massive adoption. Share your thought.

I am not sure about that, a token is not able to create a large adoption of bitcoin, bitcoin will be adopted large if it gets support from several large companies that have a cryptocurrency community

Ozero

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Quote from: coinluck43 on February 04, 2019, 10:50:49 PM

The Token Taxonomy Act presented by Representatives Warren Davidson and Darren Soto will help bitcoin and cryptocurrency get acceptance for massive adoption. Share your thought.

Is this a bill that will not recognize cryptocurrency as securities and therefore, if it is adopted, will the SEC no longer have any relation to cryptocurrency in order to establish its not quite logical and rigid rules? I am certainly for such a bill. Maybe after that, bounty hunters will no longer demand to undergo a KYC check.
Only in the topic you need at least a little to describe the essence of the issue under discussion or to give at least a link to the source.

coinluck43

newbie

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The Token Taxonomy Act presented by Representatives Warren Davidson and Darren Soto will help bitcoin and cryptocurrency get acceptance for massive adoption. Share your thought.

Topic: US Government becoming friendlier to bitcoin - page 2. (Read 300 times)