LockMeta
  • News
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFTs
  • Metaverse
  • Business
  • Markets
  • Policy
  • Press Release
X (Twitter) Telegram
LockMeta
  • News
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFTs
  • Metaverse
  • Business
  • Markets
  • Policy
  • Press Release
LockMeta
News November 7, 2021

Criminal felony decree may freeze healthy crypto behavior

On November 7th, Coinbase CEO Brian Armstrong said that the 6050I clause in the Infrastructure Act seems to be a disaster.

Criminal felony laws may freeze many healthy cryptographic behaviors (such as DeFi). Independent lawyer Abraham Sutherland) explained to 6050I. The proposed amendment to Section 6050I provides for a wide range of circumstances. “Anyone” who receives more than $10,000 of digital assets must verify the sender’s personal information. Include the social insurance number, and sign and submit a report to the government within 15 days.

Failure to comply with the regulations will result in a mandatory fine and may constitute a felony (up to five years in prison). Earlier news, the U.S. House of Representatives passed an infrastructure bill with encrypted tax clauses and has been sent to U.S. President Biden for signature.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous Article“Play while earning” category NFT total value of 25 billion
Next Article USDC circulation exceeds 34 billion U.S. dollars

Related News

September 23, 2023

Ethereum network fees drop to lowest level in 9 months

September 23, 2023

Wintermute Trading moved 8.3 trillion PEPE between multiple CEXs in the past 24 hours, and PEPE surged 15%

September 23, 2023

$3 billion worth of Bitcoin options and $1.8 billion in Ethereum options set to expire at the end of September

September 23, 2023

Senior Advisor to the President of El Salvador: People all over the world are withdrawing from unsecured banknotes such as US dollars and buying Bitcoin

September 23, 2023

India’s Home Ministry launches cryptocurrency intelligence and analysis tools to combat crypto crimes

September 22, 2023

Former SEC official: NFT market is completely rigged

September 22, 2023

Former U.S. Senator: Encryption legislation may not pass this Senate

September 22, 2023

About 12,230 Bitcoins have flowed out of Binance since the beginning of August, worth about $330 million.

The Latest
Ethereum News September 23, 2023
Ethereum network fees drop to lowest level in 9 months
Market News September 23, 2023
Wintermute Trading moved 8.3 trillion PEPE between multiple CEXs in the past 24 hours, and PEPE surged 15%
Market News September 23, 2023
$3 billion worth of Bitcoin options and $1.8 billion in Ethereum options set to expire at the end of September
Bitcoin News September 23, 2023
Senior Advisor to the President of El Salvador: People all over the world are withdrawing from unsecured banknotes such as US dollars and buying Bitcoin
Policy News September 23, 2023
India’s Home Ministry launches cryptocurrency intelligence and analysis tools to combat crypto crimes
NFT News September 22, 2023
Former SEC official: NFT market is completely rigged
Policy News September 22, 2023
Former U.S. Senator: Encryption legislation may not pass this Senate
Bitcoin News September 22, 2023
About 12,230 Bitcoins have flowed out of Binance since the beginning of August, worth about $330 million.
Market News September 22, 2023
Options contracts worth $590 million in BTC and $230 million in ETH will expire for delivery
Business News September 22, 2023
Greeks.live: Call options are being bought heavily across all major maturities
Crypto Assets
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFTs
  • Metaverse
Market Dynamics
  • Business
  • Markets
  • Policy
  • Press Release
Support
  • Contact Us
  • Advertise
About
  • About Us
  • Privacy Policy
  • Terms of Service

The daily digest for crucial crypto news updates.

X (Twitter) Telegram
Disclaimer:

LockMeta endeavors to provide accurate and current information. However, due to the evolving nature of the crypto space and reliance on external sources, we cannot guarantee its complete accuracy. We advise users to conduct their own research and consult professionals before making decisions. LockMeta assumes no liability for actions based on our content.

© 2023 LockMeta.

Type above and press Enter to search. Press Esc to cancel.