Cryptocurrency brokers
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U.S. Representative Tom Emmer proposes a KIIA bill to reduce the compliance burden on cryptobrokers
According to reports, U.S. Representative Tom Emmer proposed the KIIA (Keep Innovation In America Act), which aims to reduce the compliance burden on cryptocurrency brokers. KIAA proposes to update the laws provided for in the Infrastructure Law passed in 2021. (Forbes) Interpretation of this information: The proposed KIIA (Keep Innovation In America Act) bill by U.S Representative Tom Emmer is a new legislation that aims to lessen the compliance burden on cryptocurrency brokers in the United States. This move is in response to the ongoing struggles that many cryptocurrency-related businesses…
