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Texas Weighs Draconian Cryptocurrency Regulations with Mandatory KYC & Privacy Coins Ban

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An untitled bill before the Texas legislature is just ridiculous. House Bill 4371, which is less than 500 words long, calls for people to “verify” the identity of senders before receiving cryptocurrency. The bill also introduces to Texas law a difference between “verified” digital currencies and non-verified ones. It specifically seeks to “promote the use of verified identity digital currencies,” though it gives no name to such. What is A Verified Identity Digital Currency and Why is Texas Promoting It? Are they talking about Ripple? We don’t know. Anyone can get hold of XRP and own a Ripple account. Ripple

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