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What is fit21 bill 🧾
The Financial Innovation and Technology for the 21st Century (FIT21) Act is a bill introduced in the United States House of Representatives to provide a clear regulatory framework for digital assets, such as cryptocurrencies and other digital currencies. The bill aims to address the regulatory uncertainty and ambiguity that has hindered the growth of the digital asset ecosystem in the US
Key Provisions:
Clear Regulatory Roles: The bill clarifies the roles of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) in regulating digital assets, ensuring that both agencies have a clear understanding of their jurisdictions and responsibilities.
Registration Regimes: The bill establishes registration regimes for digital asset developers and customer-serving institutions, such as exchanges, brokers, and dealers, to reduce conflicts of interest and ensure transparency.
Disclosure Requirements: Digital asset developers will be required to provide accurate and relevant disclosures, including information about the digital asset project’s operation, ownership, and structure.
Foster Innovation: By providing a clear regulatory framework, the bill will encourage innovation and entrepreneurship in the digital asset space.
Enhance Consumer Protection: The bill’s disclosure requirements and registration regimes will help protect consumers by ensuring that digital asset developers and customer-serving institutions operate transparently and fairly.
Improve Regulatory Clarity: The bill will provide regulatory certainty, allowing digital asset businesses to operate with confidence and reduce the risk of regulatory uncertainty.
Position the US as a Leader: The passage of the FIT21 Act will position the United States as a leader in financial and technological innovation, attracting businesses and talent to the country.
Current Status:
The FIT21 Act has been approved by the House of Representatives and is awaiting consideration by the Senate. If passed, it will be sent to the President for signature into law.#ETHETFS
The Financial Innovation and Technology for the 21st Century (FIT21) Act is a bill introduced in the United States House of Representatives to provide a clear regulatory framework for digital assets, such as cryptocurrencies and other digital currencies. The bill aims to address the regulatory uncertainty and ambiguity that has hindered the growth of the digital asset ecosystem in the US
Key Provisions:
Clear Regulatory Roles: The bill clarifies the roles of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) in regulating digital assets, ensuring that both agencies have a clear understanding of their jurisdictions and responsibilities.
Registration Regimes: The bill establishes registration regimes for digital asset developers and customer-serving institutions, such as exchanges, brokers, and dealers, to reduce conflicts of interest and ensure transparency.
Disclosure Requirements: Digital asset developers will be required to provide accurate and relevant disclosures, including information about the digital asset project’s operation, ownership, and structure.
Foster Innovation: By providing a clear regulatory framework, the bill will encourage innovation and entrepreneurship in the digital asset space.
Enhance Consumer Protection: The bill’s disclosure requirements and registration regimes will help protect consumers by ensuring that digital asset developers and customer-serving institutions operate transparently and fairly.
Improve Regulatory Clarity: The bill will provide regulatory certainty, allowing digital asset businesses to operate with confidence and reduce the risk of regulatory uncertainty.
Position the US as a Leader: The passage of the FIT21 Act will position the United States as a leader in financial and technological innovation, attracting businesses and talent to the country.
Current Status:
The FIT21 Act has been approved by the House of Representatives and is awaiting consideration by the Senate. If passed, it will be sent to the President for signature into law.#ETHETFS
🚨BREAKING: #Binance plans to return to India by agreeing to pay a $2 million fine.
#write2earn🌐💹 #bitcoinhalving $BTC $BNB
#write2earn🌐💹 #bitcoinhalving $BTC $BNB
🟩 the bitcoin halving is in 2 days
🟩 let me explain what’s happening
🟩 The halving impacts the reward miners receive for creating blocks on the Bitcoin blockchain, which consists of 839,495 blocks of data containing information about Bitcoin movements between addresses. These blocks, created every 8-12 minutes, are produced by miners running algorithms to guess a number from a large pool. The first miner to guess correctly creates the next block and receives a reward. The miner for block 839,999 receives 6.25 bitcoin, but for block 840,000, the reward halves to 3.125 BTC. Halvings occur every 210,000 blocks, with this being the fourth one; the previous ones happened in 2012, 2016, and 2020. This reduction in supply, enforced by nodes running Bitcoin Core worldwide, ensures a fixed supply over time. If the miner producing block 840,000 adds a reward higher than 3.125 bitcoin, the block will be rejected.
Happy Halving 🚀💸
#write2earn🌐💹 #bitcoinhalvingn #BinanceACGroup $BTC
🟩 let me explain what’s happening
🟩 The halving impacts the reward miners receive for creating blocks on the Bitcoin blockchain, which consists of 839,495 blocks of data containing information about Bitcoin movements between addresses. These blocks, created every 8-12 minutes, are produced by miners running algorithms to guess a number from a large pool. The first miner to guess correctly creates the next block and receives a reward. The miner for block 839,999 receives 6.25 bitcoin, but for block 840,000, the reward halves to 3.125 BTC. Halvings occur every 210,000 blocks, with this being the fourth one; the previous ones happened in 2012, 2016, and 2020. This reduction in supply, enforced by nodes running Bitcoin Core worldwide, ensures a fixed supply over time. If the miner producing block 840,000 adds a reward higher than 3.125 bitcoin, the block will be rejected.
Happy Halving 🚀💸
#write2earn🌐💹 #bitcoinhalvingn #BinanceACGroup $BTC
🚨🚨🚨 Important message from RBI 🚨🚨🚨
🟥 Crypto currencies cannot be referred to as "currencies" as they have no underlying value, a central bank official said.
🟥 The Reserve Bank of India (RBI) has been critical of new-age currencies like bitcoins, saying they pose systemic risk to the financial systems.
🟥 "Crypto currencies cannot be called currencies as they don't have any underlying value," P Vasudevan, an executive director at the RBI.
🟥 Currently, bitcoins have no legal backing in India and investors have to pay a tax on the income earned by trading in them.
On other hand keep in mind
🟩 Prime Minister Narendra Modi on Tuesday said the world needs inclusive, smart, clean and transparent and green govts, while calling for global cooperation on artificial intelligence (AI) and cryptocurrency.
🟩 Modi delivered a keynote address at the World Governments Summit (WGS) in Dubai on Wednesday, covering a range of topics from India's economic progress to global challenges in technology. Emphasising the need for international collaboration, he proposed a "global protocol" to tackle emerging issues like artificial intelligence, cryptocurrency, and cybercrime.
🟩 PM Modi said, "We need to share our resources and our capabilities with the nations who need it. We need to create a global protocol to address rising challenges such as artificial intelligence (AI), cryptocurrency, and cybercrime.
🟩 so guys they want employees for western countries if u become a entrepreneur just magic online money that’s why they didn’t like that.
🟩 keep the citizens poor rule them like a king.
🟩 so please don’t sell your magic internet money.
#Write2Earn
#TrendingTopic
🟥 Crypto currencies cannot be referred to as "currencies" as they have no underlying value, a central bank official said.
🟥 The Reserve Bank of India (RBI) has been critical of new-age currencies like bitcoins, saying they pose systemic risk to the financial systems.
🟥 "Crypto currencies cannot be called currencies as they don't have any underlying value," P Vasudevan, an executive director at the RBI.
🟥 Currently, bitcoins have no legal backing in India and investors have to pay a tax on the income earned by trading in them.
On other hand keep in mind
🟩 Prime Minister Narendra Modi on Tuesday said the world needs inclusive, smart, clean and transparent and green govts, while calling for global cooperation on artificial intelligence (AI) and cryptocurrency.
🟩 Modi delivered a keynote address at the World Governments Summit (WGS) in Dubai on Wednesday, covering a range of topics from India's economic progress to global challenges in technology. Emphasising the need for international collaboration, he proposed a "global protocol" to tackle emerging issues like artificial intelligence, cryptocurrency, and cybercrime.
🟩 PM Modi said, "We need to share our resources and our capabilities with the nations who need it. We need to create a global protocol to address rising challenges such as artificial intelligence (AI), cryptocurrency, and cybercrime.
🟩 so guys they want employees for western countries if u become a entrepreneur just magic online money that’s why they didn’t like that.
🟩 keep the citizens poor rule them like a king.
🟩 so please don’t sell your magic internet money.
#Write2Earn
#TrendingTopic
Simply strategy for become crypto millionaire in 2025
🟩 buy on these level around 500B or Q1 of 2024
🟩 buy only on spot and Hodl
🟥 sell around 3T MC of total 3 or Q4 of 2024 and Q1 of 2025
🟥 make life changing money on Q1 of 2025
#TrendingTopic #BTC #Spot #Write2Earn
🟩 buy on these level around 500B or Q1 of 2024
🟩 buy only on spot and Hodl
🟥 sell around 3T MC of total 3 or Q4 of 2024 and Q1 of 2025
🟥 make life changing money on Q1 of 2025
#TrendingTopic #BTC #Spot #Write2Earn
🟥 PM Modi said, "We need to share our resources and our capabilities with the nations who need it. We need to create a global protocol to address rising challenges such as artificial intelligence (AI), cryptocurrency, and cybercrime.
🟥 We need to listen to the voice and needs of the Global South. We need to bring their priorities to the forefront.
🟩 on other hand indian government shadow ban nine international exchange including Binance and they said using these exchanges via VPN that considers as a crime.
#IndiaCrypto #binance #BTCBefore2025
🟥 We need to listen to the voice and needs of the Global South. We need to bring their priorities to the forefront.
🟩 on other hand indian government shadow ban nine international exchange including Binance and they said using these exchanges via VPN that considers as a crime.
#IndiaCrypto #binance #BTCBefore2025
why indian government bans #Binance
🟩 Binance is a Centralized exchange that ranks #1 on BitDegree Exchange Tracker. Binance has a trading volume of $9,406,012,588 in the last 24 hours and $4.81T in the last 7 days.
🟩Binance currently has 402 cryptocurrencies, 11 fiat currencies and 1591 markets (cryptocurrency trading pairs). The most popular trading pair on Binance is BTC/USDT.
🟩 Customers can also access the Binance decentralized exchange (DEX) on the Binance Smart Chain.
🟩 Binance dominates indian market, the global binance.com visitors are 11.08% are indians thats puts more jealous on indian exchanges.
🟩 The gains made from trading cryptocurrencies are taxed at a rate of 30%(plus 4% cess) according to Section 115BBH.
🟩 Section 194S levies 1% Tax Deducted at Source (TDS) on the transfer of crypto assets from July 01, 2022, if the transactions exceed ₹50,000 (or even ₹10,000 in some cases) in the same financial year.
🟩 After binance ban most of indian users interested to indian exchanges so its a easy way collect government toll fee,
🟩 Still RBI considers Bitcoin and other cryptocurrencies are scam and they buying that as well.
🟩 Binance is a Centralized exchange that ranks #1 on BitDegree Exchange Tracker. Binance has a trading volume of $9,406,012,588 in the last 24 hours and $4.81T in the last 7 days.
🟩Binance currently has 402 cryptocurrencies, 11 fiat currencies and 1591 markets (cryptocurrency trading pairs). The most popular trading pair on Binance is BTC/USDT.
🟩 Customers can also access the Binance decentralized exchange (DEX) on the Binance Smart Chain.
🟩 Binance dominates indian market, the global binance.com visitors are 11.08% are indians thats puts more jealous on indian exchanges.
🟩 The gains made from trading cryptocurrencies are taxed at a rate of 30%(plus 4% cess) according to Section 115BBH.
🟩 Section 194S levies 1% Tax Deducted at Source (TDS) on the transfer of crypto assets from July 01, 2022, if the transactions exceed ₹50,000 (or even ₹10,000 in some cases) in the same financial year.
🟩 After binance ban most of indian users interested to indian exchanges so its a easy way collect government toll fee,
🟩 Still RBI considers Bitcoin and other cryptocurrencies are scam and they buying that as well.
May the Year of the Dragon bring you courage, success, and prosperity! Wishing you a year filled with positivity and success. #chinesenewyear #2024withBinance #china
#MyFirstFeedPost Hello, Binance Square!
2024 electron is coming if 1d ema 100 and 200 cross you should consider $trump/sol mega bullish chart
2024 electron is coming if 1d ema 100 and 200 cross you should consider $trump/sol mega bullish chart
