Representatives from blockchain- and crypto-related companies protested a bill in a committee hearing in the Nevada State Senate.
The bill, SB 195, would introduce several uniform standards to the virtual currency industry, and would require crypto-related business like exchanges to register with the state’s Department of Business and Industry.
The Uniform Regulation of Virtual-Currency Businesses Act, sponsored by Democratic senator James Ohrenschall, is an effort put forward by the Uniform Law Commission to introduce consistent regulations for the virtual currency industry. In the hearing, Ohrenschall states that other iterations of the bill were introduced in state legislatures in Hawaii, Oklahoma and…
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