Texas to Discuss Anonimous Crypto Transactions Ban

As reported, the initiative was made by a member of the House of Representatives and Republican Phil Stevenson
11 March 2019   154

Texas lawmakers propose to de-anonymize cryptocurrency operations. The initiative was made by a member of the House of Representatives and Republican Phil Stevenson, according to BTC Wires.

The draft law obliges the recipient of a digital currency to confirm the identity of the sender. The procedure will be optional only when using a “digital currency that provides confirmation of the identity of the sender.”

Responsible for the definition of cryptocurrency, traded within the legal framework, the legislator proposes to appoint a Banking Department, the Commission on Credit Unions, the Department of Public Security and the State Council on Securities.

According to Stevenson, his proposal will help improve the financial situation of Texas.

If approved, the regulatory act will enter into force on September 1, 2019.

The crypto community met the initiative negatively. So, the co-founder of Athena Blockchain, Andrew Hinkes, considered that the bill could hinder the use of cryptocurrencies, and also expressed doubts about the competence of departments.

BMW, Intel to Join Forces With Singapore DLT Accelerator

Tribe Accelerator was launched in December 2018 and is supported by Singapore authorities
25 March 2019   46

A Singapore-sponsored blockchain accelerator Tribe has partnered with BMW Group Asia, Intel and Nielsen. It is reported by CoinDesk.

In the framework of cooperation, companies will share their experience with startups developing solutions in the field of DLT technologies.

Thus, the BMW Group Asia will hold a series of master classes on the use of the blockchain under conditions of widespread demand. Intel Corporation will advise start-ups in business and technology development, and Nielsen will provide a sandbox for testing new solutions.

The Tribe Accelerator was launched in December 2018 in collaboration with the South Korean ICON Foundation and the Singapore venture capital firm PwC. Among the projects implemented by the company is the blockchain solutions implementation in cooperation with ConsenSys.

In early March, the Argentine government announced plans to invest in blockchain startups in the early stages of development, which received support from the venture capital unit of Binance.