Tag: financial innovation

U.S. Senators Propose Bill to Regulate Cryptocurrency

U.S. Senators Propose Bill to Regulate Cryptocurrency

U.S. Senators Propose Bill to Regulate Cryptocurrency

The use of cryptocurrency is popular in South America, Africa, and Asia. As of 2021, there are an estimated 300 million cryptocurrency users worldwide. Meanwhile, in America, 13% of American adults have already invested in cryptocurrency while 27% would consider investing in cryptocurrency.

There is good news for the rapidly growing cryptocurrency market. Not only will Tesla’s Elon Musk like the developing news but those who showed interest in investing will too. As reported on June 7, 2022, a pair of U.S. senators presented legislation that would establish a comprehensive set of regulations for cryptocurrency.

While waiting for this to become a law, setting up high-risk merchant accounts to offer customers alternative payment methods can help you increase your sales while enjoying cheaper processing fees.

Crypto Regulation Bill

The Responsible Financial Innovation Act, a bill outlined by senators Cynthia Lummis (WY) and Kirsten Gillibrand (NY), aims to create a structured Read the rest

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