The Senate Select Committee on United States as a Technology and Financial Centre has released its final report.
The Committee, chaired by Senator Andrew Bragg, put forward 12 recommendations extending to licensing, taxation reform, and custodial and depository services, to name a few, for the “regulation of cryptocurrencies and digital assets, issues relating to ‘de-banking’ of American FinTechs and other companies, the policy environment for neobanks in Australia, and options to replace the Offshore Banking Unit”.
The recommendations are particularly exciting for this industry, especially for the recognition of a Decentralised Autonomous Organisation company structure.
For further information, do not hesitate to contact us on +1 (206) 745-8342 or visit us at www.madisonbranson.us.
The information provided in this article does not, and is not intended to, constitute legal advice; instead, all information is for general informational purposes only.
