Crypto market Matures further: 32 legislative proposals in the United States

Members of the 116. U.S. Congress, have presented this year a total of 32 bills on the subject of crypto currency and Blockchain technology.

They cover a broad range of concerns, possible use cases, and new approaches to regulation, Integration, and restrictions on the use of the new technology, depending on the actors, their activities and objectives. Citing data from the Value Technology Foundation, a non-profit think tank focused on Blockchain, reported to Forbes that the U.S. lawmakers have introduced 12 laws, the aim specifically, the use of crypto-currencies in criminal activities such as money laundering, terrorism and human trafficking to stem. While crypto its early roots of currencies in the Darknet, where Bitcoin was used as a popular medium of exchange on the now-defunct Silk Road, and they’ve developed since then more and require laws that support them and their use in Criminal, tax evaders, and enemies can monitor.

One of the proposed laws aims at the economic activities of countries such as Venezuela, have created their own crypto-currency, in order to circumvent economic sanctions. Three draft laws were intended to help banks and regulatory authorities to identify criminal activities that involve the use of digital currencies. The legislature also took 13 of the draft legislation for the regulation and treatment of digital assets and block chains one. Concerns in respect of the Libra project by Facebook, the planned introduction of a new global currency, before the beginning of the month on the new target has been aligned, a plurality of different local currencies coupled Stablecoins to introduce, led to a flood of regulatory proposals. The “Managed stable coins are the Securities Act of 2019” is an attempt to classify Libra and other stable coins as securities regulated by the Securities and Exchange Commission.

In five of the law, the use of the Blockchain technology, it is proposed drafts by the government. A draft law provides for the establishment of a Blockchain-working group to recommend a Definition of the Distributed Ledger technology and its possible applications to investigate. The two most recent legislative proposals dealing with the concept of digital Dollars, in order to ensure that the Coronavirus pandemic affected Americans can quickly reap the benefits of economic development.

Crypto currency markets react to volatile crypto market

Several major crypto-exchanges are working to improve their internal infrastructure, after the violent Crash from the 12. March has revealed a number of glaring weaknesses.
Huobi, a leading exchange based in Singapore, adds a locking mechanism to stop the Liquidation when the prices are over a short period of time volatile. Although he does not break the trade completely, similar to the new addition to the existing systems on Wall Street and excessive losses in times of market is to prevent panic.

The global crypto-giant Binance is working behind the Scenes on a number of changes. CEO Changpeng Zhao explained to Bloomberg that the number one topic ensures that the exchange cannot cope with the heavy burden of the last month.

We change a lot of our internal systems, just to be very careful and conservative and to be safe. The first thing we focus on at the Moment, is simply the increase in the system capacity.

BitMEX, with headquarters on the Seychelles, has worked to prevent further attacks on its infrastructure, after it had experienced at the peak of the great market to sell in the last month, two Denial-of-Service attacks. The stock exchange says that you have compensated at the end of 156 accounts, which falsely Stop-Loss prices have been triggered.