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Thread: Nevada and Blockchain (aka bitcoin) Regulations

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    Default Nevada and Blockchain (aka bitcoin) Regulations

    Nevada Takes a Chance on Pro-Blockchain Legislation

    This is kind of interesting, and suspicious in a way. If I understand this correctly, Nevada has now taken authority / regulation away from local governments for businesses in their state that use blockchain technology (crypto-currencies).

    Nevada thus becomes the the first U.S. state to approve legislation blocking local government entities from taxing, licensing and imposing other requirements on blockchain use.
    More: https://bitcoinmagazine.com/articles...n-legislation/


    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor. Do your own due diligence.


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  3. #2

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    Default Re: * Nevada and Blockchain (aka bitcoin) Regulations

    Quote Originally Posted by tsptalk View Post
    Nevada Takes a Chance on Pro-Blockchain Legislation

    This is kind of interesting, and suspicious in a way. If I understand this correctly, Nevada has now taken authority / regulation away from local governments for businesses in their state that use blockchain technology (crypto-currencies).



    More: https://bitcoinmagazine.com/articles...n-legislation/


    Why do you consider it suspicious in a way?
    [COLOR=#0000ff][FONT=comic sans ms][I]"In the land of idiots, the moron is King."--Unknown[/I][/FONT][/COLOR]

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    Default Re: * Nevada and Blockchain (aka bitcoin) Regulations

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    Default Re: * Nevada and Blockchain (aka bitcoin) Regulations

    Quote Originally Posted by userque View Post
    Why do you consider it suspicious in a way?
    I don't know... there's something strange about the Nevada legislature voting unanimously to do away with regulation / taxes for this particular technology.. Something seems fishy. They must have had good lobbyists, or someone's pockets are getting filled?

    You can open up a souvenir shop on the strip in Vegas and only take bitcoin and not be subject to taxes or local regulations? Doesn't that seem odd? What's the incentive?
    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor. Do your own due diligence.

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    Default Re: * Nevada and Blockchain (aka bitcoin) Regulations

    Quote Originally Posted by tsptalk View Post
    I don't know... there's something strange about the Nevada legislature voting unanimously to do away with regulation / taxes for this particular technology.. Something seems fishy. They must have had good lobbyists, or someone's pockets are getting filled?

    You can open up a souvenir shop on the strip in Vegas and only take bitcoin and not be subject to taxes or local regulations? Doesn't that seem odd? What's the incentive?
    Ok. I see your point now...and I agree.
    [COLOR=#0000ff][FONT=comic sans ms][I]"In the land of idiots, the moron is King."--Unknown[/I][/FONT][/COLOR]

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