Digital Finance Security: New Rules for Decentralized Services
This act aims to enhance security and transparency in the digital finance world, such as cryptocurrencies. It introduces new rules to combat money laundering and terrorist financing, which may affect how some digital services are used. Citizens might experience greater security in digital transactions, but also new identity verification requirements.
Key points
Government collaboration with digital companies to develop safer solutions for decentralized finance.
Introduction of clear rules for digital finance service providers to prevent illegal activities.
Requirement for digital finance services to implement anti-money laundering and sanctions compliance programs.
Status:
Introduced
Civic Will
Why does your vote on bills matter?
It creates raw, undeniable proof. Civic Will provides the permanent data to verify the Government's loyalty towards its citizens
(explained here).
Start recording it now.