Yesterday
Reuters reported that an early draft of legislation to stop technology firms providing blockchain based digital currency is being discussed. The draft bill, named “Keep Big Tech Out Of Finance Act”, is supposedly being circulated among representatives by the Democratic majority of the Financial Services Committee of the U.S. House of Representatives.
Update: The discussion draft has now been
officially published.
The committee’s definition of a ‘Big Tech’ company is one that earns over $25 billion revenue and mostly provides online services.
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