• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Win 1 BTC
  • Play Finance
Breaking News: SEC Accuses Crypto Giant Justin Sun And Lindsay Lohan Of Securities Law Violation
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Win 1 BTC
  • Play Finance
Bitcoinist.com
No Result
View All Result
Breaking News: SEC Accuses Crypto Giant Justin Sun And Lindsay Lohan Of Securities Law Violation
Latest Pennsylvania Legislature Considers Cryptocurrency Task Force Bill
Advertisement

Latest Pennsylvania Legislature Considers Cryptocurrency Task Force Bill

Asad Gilani by Asad Gilani
2 years ago
in Crypto News
0
Advertisement

The State of Pennsylvania may soon empower a task force that will monitor the operations of cryptocurrency brokers in the State. The Bill has appeared in the General Assembly, and the Legislature is already mulling over it.

Related Reading | Elon Musk Hints At Bitcoin Renewable Energy Hitting The Benchmark

Don't wait! Jump on this Crypto Deal and get a 150% Welcome Bonus plus 100 Free Spins on your deposit today!

The details of the Bill, HB1724 by LegiScan enumerates the task force’s work to examine the impact of and digital currency on Pennsylvania.

The Crypto Task Force Bill

From our sources, we gathered that two Republicans and eight Democratic members of the Assembly introduced the bill in 2021. If passed, the Bill will then become the Digital Currency Task Force Act. For now, the Committee of Commerce is analyzing the Bill.

The task force will determine the total number of cryptocurrency that will trade on the Pennsylvania exchange plus others.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
570% up to 12 BTC + 300 Free Spins for new players & 1 BTC in bonuses every day, only at Wild.io. Play Now!

Related Reading | Nuggets CEO Alex Saunders Faces Harsh Criticism For Delaying Bitcoin Payments

They aim to investigate investment operators who want to operate massively in crypto & digital assets and determine the tax implications of crypto on the taxes at the State & local level.

Another important duty of the task force is to evaluate the crypto market in terms of transparency. They must find out if there are illegal activities such as price manipulations and others.

Latest Pennsylvania Legislature Considers Cryptocurrency Task Force Bill

Despite the negative news, the cryptocurrency market is following an uptrend | Source: Crypto Total Market Cap on TradingView.com

This new Taskforce will also look into different crypto regulations from many regulatory authorities all over the world.

Let’s recall that last two years, the Department of Banking & Securities in Pennsylvania ruled crypto exchanges out of money transmission regulations.

More Details About Cryptocurrency Task Force

The Bill stated that the total number of members that will operate the task force would be thirteen (13). These members will carry out these duties without compensation.

Also, apart from other duties, they will hold “public hearings” to facilitate their reviewing process. In fact, the task force will prepare the findings in a report and send it to the General Assembly and the Pennsylvania Governor.

Related Reading | Bitcoin Drops Significantly As The Bullish Rally Gradually Ends

Before this proposed task force, there have been established to monitor and study the crypto industry in the US.

The first one was in 2018 when the US House of Reps passed a new bill for such a task force. The major goal of the task force was to fight the illegal use of crypto financing terrorist activities. Earlier this year, the “Crypto Anti-terrorism Bill” made its way into the House of Representatives.

The reason behind this Bill was to prevent the riot that occurred in the U.S. When extremists used DLive to broadcast a riot and raise donations worth hundreds of thousands of dollars in crypto.

Featured image from Pixabay, and chart from TradingView.com
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.

Asad Gilani

Asad Gilani

Asad is a freelance writer. He is interested in cryptocurrencies, technology, and in particular the subject of online security. An open supporter of freedom of speech, privacy, and equality for all. On a personal level, he likes to stay socially active, loves playing snooker, cricket, enjoys seafood and loves listening to folk music.

Related Posts

War against crypto SEC

War On Bitcoin And Crypto: Here’s How The Industry Will

3 hours ago
Euler Finance

North Korean Hacker Attempts To Phish Euler Finance Exploiter Via Encrypted Message

4 hours ago
Coinbase Enters The Brazilian Market Partnering With Pix Payment App

Coinbase Enters The Brazilian Market Partnering With Pix Payment App

15 hours ago
Nigerian CBDC eNaira Adoption Spikes Due To Cash Shortage

Nigerian CBDC eNaira Adoption Spikes Due To Cash Shortage

17 hours ago
The United States Senator Is Against CBDC, Here Are The Details

United States Senator Stands Against CBDC, Here Are The Details

21 hours ago
FTX BitBoy Lawsuit

Lawyer Suing BitBoy For Promoting FTX Reportedly Being Threatened

22 hours ago
Please login to join discussion

Premium Partners

Premium Casino Partners

Play Finance

Top Casinos

BitStarz
BitStarz
Punt Casino
Punt Casino
mBit
mBit
1xBit
1xBit
UU.Game
UU.Game
K8
K8

Press Releases

  • Binance coin (BNB) and Avalanche (AVAX) show exponential...

    3 hours ago
  • Swords of Blood Looks Like the Next Big P2E Game

    3 hours ago
  • TMS Network’s (TMSN) ICO Dazzles Investors, Ripple (XRP)...

    6 hours ago
  • Filecoin (FIL) Price Projection; TMS Network (TMSN) Becomes...

    6 hours ago
  • Binance (BNB) And Polygon (MATIC) See An Uptick In...

    7 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
  • Crypto Prices from Nomics
© 2023 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Win 1 BTC
  • Play Finance

© 2022 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.