The Republican of the Texas house of representative Phil Stephenson has proposed bill number 4371, which demands proper identification of the individuals sending or receiving cryptocurrencies. If passed, the proposals in the bill will come into effect from September 1, 2019. However, was highly criticized by the crypto advocates in the state as well as in the country.
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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