Friday, June 2, 2023

Restriction Act: A law directed at TikTok that can ban Bitcoin

In a new bill of the United States, called the “Act Restrictions”, which seeks to strengthen the powers of the government, users believe that the law is anti-bitcoin.

March 30, 2023 12:27 am

United States. – In the new United States bill, called the “Restrictions Act”, which seeks to strengthen the powers of the United States of America, to fight the technology that could bring with it the threat, that is: TikTok. a direct attack on Bitcoin.

According to a Cryptonews article, it is shown that the legislation, which is currently being discussed in Congress and is progressing quickly because it enjoys strong bipartisan support, could be detrimental to Bitcoin technology.

Although the main purpose of the law [Acta de Restricciones] is to ensure national security, and its potential implications for the cryptocurrency space cannot be ignored.”

If this measure is approved, as they point out, the measure would be authorized by the White House, through the Department of Commerce, to identify, deter, disrupt, prevent, and mitigate the appearance of security threats. Especially in information and communication technology products.

Also, based on the findings, the Commerce Department could then act to block those technologies on US soil.

When the content of the proposal became known, many turned their obtuseness to the social network of Chinese origin, Tiktok. And so the app, which has already been banned by US government officials, has come under close scrutiny from Congress on suspicions that user data could be available to the Chinese government.

So some lawmakers are arguing for a blanket ban on TikTok, since the bitcoin community believes the government doesn’t need a 55-page law to contain the threat.

This is anti-bitcoin legislation,” says Nachokeys21 on Twitter.

Search: Artificial intelligence could become George Orwell’s “Big Brother”

Nation World News Desk
Nation World News Desk
Nation World News is the fastest emerging news website covering all the latest news, world’s top stories, science news entertainment sports cricket’s latest discoveries, new technology gadgets, politics news, and more.
Latest news
Related news


Please enter your comment!
Please enter your name here