Laws must pass to enable unmasking of those engaging in digital asset transactions, said the co-chair of the U.S. House of Representatives blockchain caucus this week. Rep. Bill Foster (D) of Illinois also called for Bitcoin transactions to be reversible, to reduce fraud and other illegal activities. He might be surprised to discover that several of these options are already built into Bitcoin’s rules.
Foster admitted in a virtual seminar his suggestions would likely “drive the crypto purists berserk”, but added the measures were necessary before people could feel secure putting a large portion of their net worth into digital assets.
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