2 years ago
A U.S. measure seeks to forestall authorities agencies from limiting a person’s usage of self-hosted cryptocurrency wallets, a exertion that has been successful the crosshairs of regulators implicit the past year. A transcript of the measure was provided to CoinDesk.
The measure was introduced connected Feb. 15 by Rep. Warren Davidson (R-Ohio), a subordinate of the Blockchain Caucus, and would prohibition agencies from “restricting the usage of convertible virtual currency by a idiosyncratic to acquisition goods oregon services for the person’s ain use, and different purposes.”
The authorities besides prevents agencies from prohibiting users from “conducting transactions done a self-hosted wallet.”
Self-hosted oregon unhosted crypto wallets person been targeted by U.S. regulations implicit the people of the past year.
In precocious 2020, the U.S. Treasury Department projected a arguable regularisation that would necessitate crypto exchanges to cod idiosyncratic details, including names and location addresses, from users wanting to transportation their cryptocurrency into a backstage wallet.
DISCLOSURE
The person successful quality and accusation connected cryptocurrency, integer assets and the aboriginal of money, CoinDesk is simply a media outlet that strives for the highest journalistic standards and abides by a strict acceptable of editorial policies. CoinDesk is an autarkic operating subsidiary of Digital Currency Group, which invests successful cryptocurrencies and blockchain startups. As portion of their compensation, definite CoinDesk employees, including editorial employees, whitethorn person vulnerability to DCG equity successful the signifier of stock appreciation rights, which vest implicit a multi-year period. CoinDesk journalists are not allowed to acquisition banal outright successful DCG.
Brandy covers crypto-related task superior deals for CoinDesk.
Subscribe to State of Crypto, our play newsletter connected argumentation impact.
By signing up, you volition person emails astir CoinDesk merchandise updates, events and selling and you hold to our terms of services and privacy policy.
English (US) 