North Carolina Bitcoin Legislation Is Decent But Not Perfect
It is important to note this Bitcoin legislation is not all negative, though. Chamber of Digital Commerce president Perianne Boring is a public supporter of this new law.
Bitcoin and regulation are two topics that will hardly ever go hand-in-hand these days. North Carolina Governor Pat McCrory has been signing a lot of legislative proposals as of late. Among these guidelines is a new set of Bitcoin legislation, allowing banks to ‘better regulate’ the cryptocurrency in the state.
So far, regulatory efforts for the Bitcoin space have not been overwhelmingly positive. BitLicense in New York is the best example of how not to try and regulate Bitcoin. While it is understandable exchanges and wallet providers would need to obtain a specific license, the need for logging user information is not something most companies will adhere to.
This post was published at NewsBTC