A New York Assemblyman proposes a digital currency task force.

Officials from the state of New York have proposed some new bills related to the implications of blockchain technology and cryptocurrencies. One of the bills promoted by Democratic Assemblyman Clyde Vanel called bill AO8783 aims to create a "digital currency task or task force" that plans to monitor the "widespread implementation of digital currencies in the state's financial markets." "

In this sense, officials from New York want to create a work team that studies the rise of cryptocurrencies. The Assemblyman from New York proposes the Digital Foreign Currency Task Force. Government officials are stepping up their efforts to regulate the cryptocurrency and the blockchain economy, as many bureaucrats propose bills for the coming new year. Last week, Democratic Assemblyman Clyde Vanel introduced four new bills for the state of New York that apply to these emerging technologies. One of them is a cryptocurrency workforce that will provide the governor with information on the possible widespread effects of digital assets.

Under bill AO8783, the members of the working group will be composed of members appointed by the president of the senate, the governor, the speaker of the Assembly and other government agencies of New York. The bill explains the objectives of the proposed legislation in the summary it establishes;

"The working group will examine and evaluate digital currencies within the state; identify the potential effects of the widespread implementation of digital currencies in financial markets; will review the impact of the department's Bitlicense program on the use of digital currencies and will make recommendations to further utilize currencies within the state. "

If the law is approved, the working group will collaborate with the New York Department of Taxation, the Department of Finance and also with the governor. Each year, the group will submit an annual report to the governor and submit regulatory proposals. In addition to the digital currency working group, Assemblyman Vanel also presented another proposal for a blockchain working group. The group will be similar to the digital asset working group, but will focus more attention on the broader aspects of the technology.

In addition, Vanel proposed two more bills that focus on blockchain innovation and smart contracts. The New York Assembly Bill 8780 seeks to provide legal definitions for both emerging technologies. Finally, Bill 8792 of the Assembly discusses blockchain technology and the use of tokens and smart contracts for voting records. The state of New York is the financial epicenter within the United States. UU., And bureaucrats in the region want to strengthen their legislative power over these emerging technologies before it is too late. Two of the bills sponsored by Vanel are very similar to the measures built in Arizona and Vermont.

In summary in the present article you can feel the possibilities that politicians have to legislate, on behalf of their constituents, it is necessary to see in detail if these projects promote the freedom of the social being to seek that the economy and the wealth reach him to the greatest number of investors, which is clear that the blockchain-bitcoin technology has put to think more than one legislator. It waits for new announcements.