The Florida senator is drafting legislation, is expected to admit that bitcoin currency in the United States
Florida Senator DorothyHukill is drafting a bill. The bill is expected to admit that bitcoin currency in the United states.
She said that the primary purpose of the act is to protect the interests of consumers and startups. To achieve this goal is not easy, because at the end of July a case involving bitcoin trading case, a judge has ruled bitcoin is not suitable for the American currency transfer method (moneytransmission), namely, bitcoin is not money.
Hukill is a Republican representing Florida’s eighth District, is the chairman of the Finance Committee of the district tax. She said the details are still being discussed in the bill.
I think you should first from a certain degree to acknowledge it, then you can protect voters for the purpose of legislation. Then you should think about how to recognize it and how to manage.
Hukill does not determine the bill specific release time, just suggest that his office in 2017 before submitting it to the Florida senate. She said, the Legislative Council in the state of Florida adjourned before March, plus the United States presidential election, independent act all to wait until after the submission of election day in early November.
Hukill said she will listen to the feedback of the bitcoin industry in the drafting process, the premise is the contents of the bill is clear.
The violent impact of BitLicense
Florida is the first attempt in recent state legislation supervision of bitcoin and block chain technology state.
California, North Carolina and New Jersey are similar to the direction of development, although there is no lack of controversy. Hukill mentioned the licensing system of New York BitLicense. She said that Florida bill will encourage innovation rather than suppress.
If we can put bitcoin into law, it belongs to the currency, can be legally used. So we don’t have any ‘away’. This is what we want to see.
Hukill said the bill is very necessary, because bitcoin as a form of currency, the degree of concern more and more, many local businesses are beginning to accept digital currency.
Bitcoin is not everywhere, but there are more and more companies started to accept it. So people should begin to think, what is bitcoin? How to use it?
She said, bitcoin will lead to increased utilization of regulatory requirements, and the law will protect those who are not familiar with the technology of the people.