THELOGICALINDIAN - Judging by contempo legislation which is mostly adverse appear blockchain technology Senate Bill 398 in Nevada seems like an aberrant footfall in a absolute directionSB398 prohibits taxation and regulations apropos the use and implementationof blockchaintechnology and it was accustomed by Nevada governor Brian Sandoval
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The bill is meant to actualize an ambiance that is accessible 
rather than adverse to new technology startups, and it is the aboriginal one to admit acute affairs as accepted and binding.
The bill was filed by Ben Kieckhefer on March 20. It appears he did not appetite the State to chase in the footsteps of places like New York who accept generated regulations that abuse bitcoin and added blockchain-based companies. The politicians in Nevada all-embracing appetite the blockchain and technology industry to abound and account their State.
A Minutes of the Senate Committee On Judiciary almanac document read, “The bill will advice ensure the Accompaniment keeps clip with abstruse advancements and accommodate a acknowledged framework for bodies application a blockchain to not do so in a acknowledged gray area.”
The bill includes the afterward legal requirements for canton commissioners to follow:
Towards Blockchain Recognition and Acceptance…or not?
These blazon of bills that assume to be pro-blockchain may be a allusive absolute footfall against creating added acceptance for cryptocurrencies. Seeing these kinds of bills are a nice change in tempo, because added bills accept demonized crypto for accidental to money bed-making schemes and added forms of crime.
For instance, in Florida, an appropriations board afresh 
passed an anti-money bed-making bill to ambition bodies who advantage bitcoin to adumbrate finances. Also, Federal assembly bill 1241 defines agenda currencies as “monetary instruments,” and its absorbed is to ambition bitcoin exchanges to ambush bent action and attenuate cryptocurrency abandon and neutrality.
Nonetheless, pieces of legislation that are bad and acceptable for blockchain technology will abide to crop up in lockstep as politicians adjudge what is best for their constituency. In the end, crypto-enthusiasts can alone achievement for the disruptive technology to be apparent in a absolute ablaze rather than be paraded alongside images of a aphotic bent underworld, abounding with its hackers and fraudsters and shysters and monsters.
Do you apprehend to see added anti-blockchain or added absolute blockchain legislation in the future? Let us apperceive in the comments below.
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