Cryptocurrency

2024

Bitcoin

<h4><strong>This legislation aims to safeguard rights to buy, mine, run nodes, and self-custody Bitcoin.</strong></h4> 
<p>Kentucky joins 10+ states enacting laws to defend cryptocurrency user rights.</p> 
<h5><strong>Kentucky Advances Cryptocurrency Protections</strong></h5> 
<p>The bill highlights Kentucky’s support for digital currency use and citizen engagement with Bitcoin. Kentucky seeks to boost innovation, growth, and inclusivity by protecting Bitcoin rights and acknowledging its transformative potential.</p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr">BRREAKING: The state of Kentucky has introduced a bill to protect your fundamental <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> rights. </p> 
 <p>This bill seeks to protect your: <br><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2705.png" alt="✅" class="wp-smiley" style="height: 1em; max-height: 1em;"> Right to buy <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a><br><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2705.png" alt="✅" class="wp-smiley" style="height: 1em; max-height: 1em;"> Right to mine <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a><br><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2705.png" alt="✅" class="wp-smiley" style="height: 1em; max-height: 1em;"> Right to run a <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> node<br><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2705.png" alt="✅" class="wp-smiley" style="height: 1em; max-height: 1em;"> Right to self-custody <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a>&nbsp;</p> 
 <p>The stakes have never…</p> 
 <p>— Dennis Porter (@Dennis_Porter_) <a href="https://twitter.com/Dennis_Porter_/status/1763255763563417909?ref_src=twsrc%5Etfw">February 29, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p>The right to buy <a href="https://www.altcoinbuzz.io/?s=bitcoin" target="_blank" rel="noopener">Bitcoin</a> grants residents open access to this digital asset, key to adopting cryptocurrencies. Also, the right to mine Bitcoin shows state support for the vital process that secures the network, recognizing its ecosystem contribution.</p> 
<p>The right to run a Bitcoin node supports the decentralization of the network, allowing people to verify transactions independently and maintain the integrity of the blockchain. Lastly, The right to self-custody Bitcoin lets users manage their assets independently, boosting sovereignty and security.</p> 
<h5><strong>More About Bitcoin’s Bill in Kentucky</strong></h5> 
<p>Kentucky’s bill joins a US-wide trend of states recognizing the need for <a href="https://www.altcoinbuzz.io/?s=regulation" target="_blank" rel="noopener">legal frameworks</a> to support cryptocurrency. By introducing bills to protect Bitcoin rights, states are laying the groundwork for a more inclusive and decentralized financial system.</p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr">NEW: Three more <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f1fa-1f1f8.png" alt="🇺🇸" class="wp-smiley" style="height: 1em; max-height: 1em;"> US states (Ohio, South Carolina, Mississippi) introduce the Blockchain Basics Act, aiming to protect citizens' <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> and <a href="https://twitter.com/hashtag/cryptocurrency?src=hash&amp;ref_src=twsrc%5Etfw">#cryptocurrency</a> rights at the state level <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f64c.png" alt="🙌" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/Pc3g46oq0G">pic.twitter.com/Pc3g46oq0G</a></p> 
 <p>— Bitcoin News (@BitcoinNewsCom) <a href="https://twitter.com/BitcoinNewsCom/status/1759661378468495411?ref_src=twsrc%5Etfw">February 19, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p>As more states join this movement to defend Bitcoin rights, it could lead to wider acceptance and integration of cryptocurrencies into mainstream finance, ultimately shaping the future of money and commerce.</p> 
<p>This legislative effort in Kentucky not only highlights the state’s progressive stance on digital currencies but also sets an example for others to follow. By defending Bitcoin users’ rights, Kentucky promotes a future of legally protected financial autonomy and innovation.</p> 
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<h6><strong>Disclaimer</strong></h6> 
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p> 
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/kentucky-introduces-bill-to-protect-bitcoin-rights/">Kentucky Introduces Bill to Protect Bitcoin Rights</a> appeared first on <a href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.</p>

Kentucky Introduces Bill to Protect Bitcoin Rights

Altcoin Buzz

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