Thanks to Numb for bringing this to us (I know

Question

Thanks to Numb for bringing this to us (I know

you didn't need the credit for it, but I thought you should have it)

A discussion of a recent U.S. Senate bill ("the Crypto-Asset National Security Enhancement Act of 2023") on Twitter, by Blockchain Daily: https://twitter.com/blckchaindaily/status/1681668970770825218

Additionally, Coinbase has written about it, here: https://www.coindesk.com/policy/2023/07/19/new-us-senate-bill-wants-to-regulate-defi-like-banks/

From the Coinbase article: "...These controlling entities would need to vet and collect information on their customers, maintain anti money laundering programs, report suspicious activity to the government, and block sanctioned individuals from using their protocol."

It sounds like an opportunity for NexeraID to me. What do you all think?

#allianceblock #cryptocurrency #de-fi #english

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19.07.2023

6 ответов

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Kat | I will never PM you first Автор вопроса

Sir P
Is this regulation in quote for only US citizens o...

Well, I'm presuming -- take this with a HUGE grain of salt, because I haven't read the legislation yet -- that it would apply to companies in the US, or US users. I'm not sure how a law passed in the US could operate globally, unless they could convince everyone in the world to pass similar legislation, and I personally don't see that happening.

0

19.07.2023

Numb

Sir P
Is this regulation in quote for only US citizens o...

US always tries to control everything, but this imo only goes for US financial institutions

0

19.07.2023

Sir P

Kat | I will never PM you first
Well, I'm presuming -- take this with a HUGE grain...

Okay I see that. I hope their regulation would be kind enough.

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19.07.2023