US lawmakers: digital money requires more stringent regulatory regulations


nnnDana Rohrabacher, a member of the US Congress, made a speech on the digital currency at a court debate. He argues that digital currency trading has certain advantages, but requires more stringent regulatory regulations. In the near future, the United States has made a lot of effort to incorporate digital money into regulatory law.n
nnTranslated by: Inan
nA Republican in the US House of Representatives called for more stringent anti – money laundering controls on digital money.n
nThe 2018 National Defense Authorization Act was a financial measure passed by the US military on 14 July, and Congressman Dana Rohrabacher made a speech at the floor debate.n
nRohrabacher talked about more and more controversy over Russia’s intervention in the US presidential election in 2016, and then shifted the topic to digital money. According to the public debate, he argues that “Bitmate users living in authoritarian countries will have the opportunity to protect their assets from the abuse of government abuse.”n
nIn addition to this ideological support, Rohrabacher also stressed the need for digital currency traders to conduct more investigations, pointed out:n
nn”I think we should encourage digital money to implement comprehensive anti-money laundering and understanding of customer standards that will enable our law enforcement agencies and national security professionals to control the financing of terrorists, protect our freedom to use digital money, and keep the US In this technological progress on the leading position.n
nnPrior to this, Rohrabacher refuted the idea of ‚Äč‚Äčillegitimate the recognition of digital money, saying that “banning the digital currency does not prevent terrorists from using them, just as banning guns does not prevent criminals from using guns.”n
nOver the past year, the issue of digital money regulation has received much attention in the US Congress, for example, the Congressional Blockchain Caucus, and the bill that requires an in-depth study of the subject.n
nWe have previously reported that the Combat Money Laundering (Terrorist Financing and Counterfeiting Act of 2017), which was introduced in May, includes the inclusion of digital currency exchanges and trading services in federal law Terms.n

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