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Author Topic: [2018-01-12] Cryptocurrency Regulation On The Way: Vermont Senator Thinking Out  (Read 19 times)
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January 12, 2018, 08:42:00 PM

Its The Thing of our time – the cryptocurrency era is growing on a speedy train and with it the recognition by governments and nations that are looking to regulate the virtual currencies running the ecosystem while monitoring the markets. Financial entities and banks are growing wary and there are those that are freezing accounts of users who dealt with any ‘crypto-dealing’.

In the US state of Vermont, the future potential of cryptocurrencies is understood, and efforts to regulate and promote them are underway. On January 3rd, Vermont Senator Alison Clarkson introduced a new bill that would allow certain companies to be labeled as “digital currency limited liability companies”. This policy would be a big leap forward as there is a surge of new companies that are based around cryptocurrencies and the blockchain technology. Many companies rely on existing blockchains, like the ethereum network, but others have their own. This is why a legislation “recognizing” and truly setting these companies apart would prove useful.
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