Node Operators, Software Developers Sanctionable Under New Bill, Says Crypto Think Tank

Elizabeth Warren – Democratic Senator from Massachusetts – has introduced a new bill titled the ‘‘Digital Asset Sanctions Compliance Enhancement Act of 2022’’ to congress. Co-authored and signed by over 10 other Democrats, the bill proposes far-reaching measures to ensure sanctioned Russian entities don’t use cryptocurrency to bypass trade restrictions. However, a new non-profit crypto policy think tank – Coin Centre – has sounded the alarm on some “unconstitutional” measures within the bill. Targeting “Transaction Facilitators” The bill has been…

A Beginners Guide to Cryptocurrency Nodes

The database technology behind cryptocurrencies has been sparking interest in different industries globally, including government entities. The technology mimics an enormous ledger responsible for indexing and recording completed cryptocurrency transactions. However, the most intriguing bit about blockchain technology is not just its nature as a distributed ledger technology (DLT). It is the level of security that comes with the distribution of information across the network of nodes. The nodes are the most critical components of the entire blockchain infrastructure, and…