Cryptocurrency Rights Bill Introduced in Virginia

Cryptocurrency Rights Bill Introduced in Virginia

A bill that seeks to safeguard the cryptocurrency rights of the citizens has been introduced to the Senate of Virginia. The bill, sponsored by State Sen. Saddam Azlan Salim, would guarantee that citizens can self-custody, transact, mine, and pay with cryptocurrency, also exempting cryptocurrency transactions of less than $200 from paying state capital gains tax.
Virginia State Senator Introduces Cryptocurrency Rights Bill
Saddam Azlan Salim, a state senator in Virginia, has introduced a bill that aims to impede state authorities from blocking its citizens from exerting different cryptocurrency and bitcoin-linked activities. Senate Bill 339 (SB 339), introduced on January 9, establishes that citizens will not require a money-transferring license to operate staking or mining equipment at the state level.
Also, the bill proposes to guarantee the rights that citizens of the old dominion have to run their cryptocurrency node, transact and make payments with cryptocurrencies, and have custod

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