The USA Senate is looking to Criminalize not disclosing crypto ownership
The US Senate Judiciary Committee is now looking at bill S.1241. This bill proposes to criminalize the intentional concealment of ownership / control of financial accounts. The bill would also change the definition of financial account and financial insinuation to include cryptocurrencies.
The change in definition would look like this: “An issuer, redeemer, or cashier of prepaid access devices, digital currency, or any digital exchanger or tumbler of digital currency.”
If this bill is passed it would have major effects across the globe for cryptocurrencies holders and traders.
What are your thoughts on this Steemians?
-spacebird
@spacebird89 That is new. This can help spreading lot of scam ICOs.
What do you mean @ccnew ?
Thanks for the update. This is bad news but crypto even survived the ban in China, and this it will survive as well