“Arizona Katie Gobbs Governor has vetoed two cryptocurrency laws, calling them “too risky.” The first document provided for the creation of a reserve fund from confiscated digital assets. Hobbes reminded that she had already signed another law that allows the state to use cryptocurrency without a threat to the main budget, but warned that the market volatility made a new initiative dangerous. The second bill allowed government agencies to take cryptocurrency […]”, – WRITE: Businessua.com.ua
Arizona Katie Gobbs Governor has vetoed two cryptocurrency laws, calling them “too risky.”
The first document provided Creation of a reserve fund of confiscated digital assets. Hobbes reminded that she had already signed another law that allows the state to use cryptocurrency without a threat to the main budget, but warned that the market volatility made a new initiative dangerous.
The second bill allowed government agencies to take cryptocurrency as payment of fines. According to the governors, the use of unstable assets in budget processes is premature.
Earlier, she also blocked another initiative – for investing up to 10% of assets of pension funds in cryptocurrency.
At the same time, Hobbes was supported by another project – the law on strengthening the requirements for cryptomas. New rules oblige operators:
- warn users about fraud risks;
- provide detailed receipts;
- set a day limit of $ 2000 for new users;
- Provide round -the -clock support.
The purpose of legislative changes is to protect vulnerable groups, including the elderly from financial manipulations. The law will come into force after the final ratification.
We will remind, in Florida the authorities stopped consideration of two trees on permission of investments of state funds in bitcoin. Similar initiatives also failed in Oklahoma, Montanan, Pennsylvania, North and South Dakota and Weiming.
At the same time, on May 6, New Hampshire became the first state of the United States to formally allow government to invest in digital assets.
The gun
Please wait …