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US Will Assign 25 Million Dollars To Prevent Crypto Crime!

ABD Kripto Suçunu Önlemek İçin Yıllık 25 Milyon Dolar Tahsis Edecek!

The US Digital Taxonomy Act 2019, introduced by US legislators on April 9, plans to allocate $ 25 million annually to the Federal Trade Commission (FTC) to prevent crypto-related crimes.

The document was introduced by Mr. Darren Soto (D), who is known for his anti-crypto stance to the US House of Representatives. Law, Dat unfair or deceptive actions or practices in digital markers ın The role of FTC in prevention. In addition, the FTC should include a congress report on its actions related to digital tokens.

According to the current Digital Taxonomy Act, the FTC should be given $ 25 million for funding each year from 2020 to 2024. The Commission will use the money to prevent and combat crypto-related crimes.

Furthermore, the document gives brief descriptions of basic crypto terms, such as a distributed notebook and digital unit.

US Thinks to Take New Steps to Prevent Crypto Crime

If the bill is adopted, the FTC will have to submit an annual report on the crypto-related regulatory activities of the House of Representatives and the Senate Trade, Science and Transport Committee.

The 2019 Token Tax Law was re-submitted to the House of Representatives on the same day.

Initially, in December, the document, proposed by Representatives Warren Davidson (R) and Representative Soto, attempted to prevent digital currencies from being defined as securities by amending the Securities Law of 1933 and the Securities Act of 1934. explain the jurisdiction of both FTC and Commodity Futures Trade Commission.

Draft, USA blockchain more regulatory precision for businesses and regulators in the industry, as well as more regulatory certainty to clarify the contradictory state initiatives and regulatory decisions involved.

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Industry News

SEC Accuses 5 Insiders of BitConnect for Illegal Promotion

SEC, Yasadışı Tanıtım’dan BitConnect İçerisinden 5 Kişiyi Suçladı

About the five people at BitConnect SECIt said it “violated Federal Securities laws.”

The SEC's complaint is that “persons who support the BitConnect Program are sold without registering the Securities with the Commission and registering as a broker-dealer with the Commission as required by law.” BitConnect's lending program is said to encourage people to invest in potential investors, including Trevon Brown, Craig Grant, Ryan Maasen, and Michael Noble, by creating promotional-style videos and posting them on YouTube. It is also claimed that some YouTube channels that make promotions are paid on a commission basis in return for their promotional efforts.

Shortly after his release, Trevon Brown (better known as Trevon James) posted a tweet saying he didn't deny the charges and said the community would "rally" around him.

Lara Shalov Mehraban, Deputy Regional Director of the SEC's New York Regional Office,

“We will try to hold accountable those who make illegal profits by taking advantage of the public's interest in digital assets”

said.

 

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Bitcoin News

Who Has The Most Bitcoin (BTC) Savings?

Bitcoin Analizi, Bitcoin 5.700 Doları Geçti!

According to the research result, the Winklevoss twins own 150,000 BTC, but there are names that own more Bitcoin than them…

Blockchain Center, which investigates who owns the largest amount of Bitcoin (BTC); From Winklevoss twins to scammers, from hackers to "zombie coins", he laid out all the data.

 

On the other hand, the most famous hacking case of the cryptocurrency world, Mt. Gox incident allegedly owned 166,000 BTC.

It is claimed that 30,000 BTC seized from the Silk Road scandal is in the hands of Tim Draper.

Plus Token scammers were said to have 200,000 BTC.

On the other hand, “Zombie coins” are surprisingly plentiful. These tokens we are talking about consist of 1.5 million BTC, which will never be used and will not be spent by anyone forever.

Grayscale's Bitcoin Trust is known as the largest institutional Bitcoin investment vehicle and currently holds over 400,000 BTC of liquidity. Lightning Network only holds 1,000 BTC, while Ethereum (ETH) has another 80,000 BTC locked.

Another 2.5 million Bitcoins are expected to enter circulation over time. Time will tell which other names will be included in this list.

 

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Blockchain News

National Fisheries Institute and IBM's Blockchain Tracking System Food Trust

Ulusal Balıkçılık Enstitüsü ve IBM’in Blockchain Takibi Sistemi Food Trust

The United States seafood trade association, the National Fisheries Institute (NFI), is working with Food Trust, IBM's blockchain supply chain solution, to monitor FoodOnline's reports on June 11 seafood and food-related news.

In the report, they mentioned the new system for monitoring the type of seafood jointly carried out by multiple companies. In addition, NFI members representing harvesters, importers, cold storage, food service restaurants and retail sales were also included in the program.

IBM's Blockchain Tracking System Food TrustSIRF President's Statement

The project is funded by the Seafood Industry Research Fund (SIRF), whose chairman Sean O'Scannlain said in a statement on developments:

“The tracking system is nothing new to the seafood industry, but we'll test how blockchain is a new concept, with IBM's Food Tracking system, helping seafood businesses earn revenue and reduce costs to customers from harvest to distribution.”

The system also states who can access and how long companies can control data, and who will retain control after the chain is loaded. Raj Rao, IBM Food Trust general manager Food Food Trust can change any sector, especially when we have large ecosystems, businesses and organizations ” He said.

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Source: Cointelegraph

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