ID Verification Required in Texas for Crypto Users

A new legislation proposed in Texas have demanded the ID verification for all cryptocurrencies-related transaction. The bill was proposed by a Republican, Rep. Phil Stephenson will officially prevent any cryptocurrency transaction done without the verification of the the sender’s identity at first place and could become the biggest anti-crypto moves by the state legislature at the moment.

The post ID Verification Required in Texas for Crypto Users appeared first on Incrypts.

ID Verification Required in Texas for Crypto Users

A Blockchain is a growing list of records, called blocks, which are linked using cryptography. Cryptography is the practice and study of techniques for secure communication in the presence of third party adversaries. Cryptocurrency is a digital currency that uses encryption (cryptography) to regulate the generation of currency and verify the transfer of funds, independently of a central bank.

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