New Bill Protects Bitcoin Access In Louisiana-web3.0-php.cn

New Bill Protects Bitcoin Access In Louisiana

WBOYWBOYWBOYWBOYWBOYWBOYWBOYWBOYWBOYWBOYWBOYWBOYWB

Jun 26, 2024 am 12:58 AM

Bitcoin, the leading financial sector crypto asset, is set to gain even more recognition as Louisiana enacts a historic law

New Bill Protects Bitcoin Access In Louisiana

The esteemed state of Louisiana has proclaimed a landmark law that will enshrine Bitcoin access while outlawing the use of Central Bank Digital Currencies (CBDCs). The honorable bill, which was approved by the Louisiana Legislature and signed into law by Governor John Bel Edwards on Monday, upholds the state's residents' right to own and use Bitcoin. It also marks the auspicious first time that a state has taken legislative action to safeguard cryptocurrency access. The law, which is officially known as House Bill 488, states that “no individuals shall be prohibited from engaging in any transaction using bitcoin, and no state agencies shall restrict the use of bitcoin in any transaction.” The bill also defines Bitcoin as “a decentralized digital currency, without a central bank or single administrator, that can be transmitted from user to user on the peer-to-peer bitcoin network without the need of intermediaries.” In addition to protecting Bitcoin access, the law also explicitly forbids the issuance or use of CBDCs within the state. This provision is likely a response to the growing interest in CBDCs among central banks around the world. While CBDCs have been touted as a way to enhance efficiency and financial inclusion, critics have raised concerns about their potential impact on financial freedom, privacy, and political control. By taking a stand against CBDCs, Louisiana is demonstrating its commitment to a less regulated and more transparent financial system, and highlighting the benefits of decentralized assets like Bitcoin. The law is a significant victory for cryptocurrency advocates in Louisiana, and it is expected to have a positive impact on the state's economy and overall crypto landscape. It is also likely to serve as a model for other states that are considering taking similar action.

The above is the detailed content of New Bill Protects Bitcoin Access In Louisiana. For more information, please follow other related articles on the PHP Chinese website!

Statement

The content of this article is voluntarily contributed by netizens, and the copyright belongs to the original author. This site does not assume corresponding legal responsibility. If you find any content suspected of plagiarism or infringement, please contact admin@php.cn

Top 10 recommended virtual currency trading platforms for cross-border transactions

When choosing a cryptocurrency exchange, priority is given to compliance, liquidity, service type and regional adaptation: 1. Compliance: Choose a platform regulated by SEC, FINCEN or the EU, such as Coinbase, Bitstamp. 2. Liquidity: Binance and OKX are suitable for large-value trading. 3. Service type: Newbie choose Coinbase, derivative traders choose Bybit or Bitfinex. 4. Regional adaptation: Asian users choose Huobi, European and American users choose Kraken.

Top 10 recommended security rankings for virtual currency trading platforms in 2025

When choosing a cryptocurrency exchange, you should consider: 1. Compliance, and give priority to platforms regulated by SEC, FINCEN or the EU, such as Coinbase, Bitstamp; 2. Liquidity, Binance and OKX are suitable for large-scale trading; 3. Service type, novices choose Coinbase, derivative traders choose Bybit or Bitfinex; 4. Regional adaptation, Asian users choose Huobi, European and American users choose Kraken.

Top 10 latest releases of virtual currency trading platforms for bulk transactionsApr 22, 2025 am 08:18 AM

The following factors should be considered when choosing a bulk trading platform: 1. Liquidity: Priority is given to platforms with an average daily trading volume of more than US$5 billion. 2. Compliance: Check whether the platform holds licenses such as FinCEN in the United States, MiCA in the European Union. 3. Security: Cold wallet storage ratio and insurance mechanism are key indicators. 4. Service capability: Whether to provide exclusive account managers and customized transaction tools.

A list of top ten virtual currency trading platforms that support multiple currenciesApr 22, 2025 am 08:15 AM

Priority is given to compliant platforms such as OKX and Coinbase, enabling multi-factor verification, and asset self-custody can reduce dependencies: 1. Select an exchange with a regulated license; 2. Turn on the whitelist of 2FA and withdrawals; 3. Use a hardware wallet or a platform that supports self-custody.

The top ten free platform recommendations for real-time data on currency circle markets are releasedApr 22, 2025 am 08:12 AM

Cryptocurrency data platforms suitable for beginners include CoinMarketCap and non-small trumpet. 1. CoinMarketCap provides global real-time price, market value, and trading volume rankings for novice and basic analysis needs. 2. The non-small quotation provides a Chinese-friendly interface, suitable for Chinese users to quickly screen low-risk potential projects.

A list of special services for major virtual currency trading platformsApr 22, 2025 am 08:09 AM

Institutional investors should choose compliant platforms such as Coinbase Pro and Genesis Trading, focusing on cold storage ratios and audit transparency; retail investors should choose large platforms such as Binance and Huobi, focusing on user experience and security; users in compliance-sensitive areas can conduct fiat currency trading through Circle Trade and Huobi Global, and mainland Chinese users need to go through compliant over-the-counter channels.

Which websites support real-time updates of currency circle marketApr 22, 2025 am 08:06 AM

Cryptocurrency market data can be obtained from the following five channels: 1. Exchange market pages (such as Binance, OKX, gate.io) provide real-time price and in-depth charts; 2. Professional market data platforms (such as CoinMarketCap, CoinGecko, TradingView, AI coins) provide global cryptocurrency data and analysis tools; 3. On-chain data and DeFi market tools (such as DeFiLlama, Dune analysis) focus on DeFi projects and on-chain data; 4. News and comprehensive market websites (such as Coinjie.com, Currency.com) provide real-time currency price and market analysis; 5. Social media and communities (such as Twitter, Telegram) can obtain market sentiment and sudden new

Tips and recommendations for the top ten market websites in the currency circle 2025Apr 22, 2025 am 08:03 AM

Domestic user adaptation solutions include compliance channels and localization tools. 1. Compliance channels: Franchise currency exchange through OTC platforms such as Circle Trade, domestically, they need to go through Hong Kong or overseas platforms. 2. Localization tools: Use the currency circle network to obtain Chinese information, and Huobi Global Station provides a meta-universe trading terminal.