Nevada and Blockchain (aka bitcoin) Regulations

[tsptalk]

Nevada Takes a Chance on Pro-Blockchain Legislation

This is kind of interesting, and suspicious in a way. If I understand this correctly, Nevada has now taken authority / regulation away from local governments for businesses in their state that use blockchain technology (crypto-currencies).

Nevada thus becomes the the first U.S. state to approve legislation blocking local government entities from taxing, licensing and imposing other requirements on blockchain use.

More: https://bitcoinmagazine.com/articles/nevada-takes-chance-pro-blockchain-legislation/

 

[userque]

Re: * Nevada and Blockchain (aka bitcoin) Regulations

Nevada Takes a Chance on Pro-Blockchain Legislation

This is kind of interesting, and suspicious in a way. If I understand this correctly, Nevada has now taken authority / regulation away from local governments for businesses in their state that use blockchain technology (crypto-currencies).



More: https://bitcoinmagazine.com/articles/nevada-takes-chance-pro-blockchain-legislation/

Why do you consider it suspicious in a way?

 

[nnuut]

Re: * Nevada and Blockchain (aka bitcoin) Regulations

The NEW USA Currency!!! The Dollar is on the way out.

 

[tsptalk]

Re: * Nevada and Blockchain (aka bitcoin) Regulations

Why do you consider it suspicious in a way?

I don't know... there's something strange about the Nevada legislature voting unanimously to do away with regulation / taxes for this particular technology.. Something seems fishy. They must have had good lobbyists, or someone's pockets are getting filled?

You can open up a souvenir shop on the strip in Vegas and only take bitcoin and not be subject to taxes or local regulations? Doesn't that seem odd? What's the incentive?

 

[userque]

Re: * Nevada and Blockchain (aka bitcoin) Regulations

I don't know... there's something strange about the Nevada legislature voting unanimously to do away with regulation / taxes for this particular technology.. Something seems fishy. They must have had good lobbyists, or someone's pockets are getting filled?

You can open up a souvenir shop on the strip in Vegas and only take bitcoin and not be subject to taxes or local regulations? Doesn't that seem odd? What's the incentive?

Ok. I see your point now...and I agree.