Cryptocurrency Act of 2020
By Cryptomcmillan1 | Updated on May 24, 2020
The Cryptocurrency Act of 2020 is a bill which aims to clarify which federal agencies would regulate which type of crypto assets. It was introduced by Rep. Paul Gosar, a congressman from Arizona, United States of America.
Related Terms
BitLicense
Refers to the business license issued by the New York State Department of Financial Services (NYSDFS) to companies dealing with Cryptocurrencies (subject to certain exceptions) in New York.
Interoperability
Interoperability refers to the property of product/systems that are able to work with products/systems that are different without any restrictions.
Gas
A unit of measurement of the computational effort in conducting transactions or smart contracts on Ethereum blockchain.
Derivatives Market
A market for derivatives which are instruments such as futures or options whose value is derived from an underlying asset.
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