Texas bill will require identity verification to use cryptocurrencies42

A bill has been proposed in the state of Texas by Phil Stephenson that would require a person receiving cryptocurrencies as payment to first "verify the identity of the person sending payment." However, according to the bill, verification is not required "if the payment is sent by a verified identity digital currency.”

The bill defines a verified identity digital currency as, “a digital currency that allows the true identities of the sender and the receiver to be known before a person has access to another person’s digital wallet.”

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