U.S. Rep. Warren Davidson announces legislation to regulate initial coin offerings

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Cleveland.com | Full Article U.S. Rep. Warren Davidson of Ohio announced Monday a plan to regulate cryptocurrency and initial coin offerings through the federal government. An initial coin offering is when a company begins to sell a cryptocurrency in the form of tokens. There are a limited amount of these tokens, which is what gives them value. Investors can pay for these tokens with money or existing cryptocurrency. Because these tokens sell quickly and run out, it gives the company a wave of money that it can use to build a product. Read More
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Federal Bill to Take Aim at Regulating Cryptocurrencies, ICOs

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Government Technology | Full Article U.S. Rep. Warren Davidson of Ohio announced Monday a plan to regulate cryptocurrency and initial coin offerings through the federal government. An initial coin offering is when a company begins to sell a cryptocurrency in the form of tokens. There are a limited amount of these tokens, which is what gives them value. Investors can pay for these tokens with money or existing cryptocurrency. Because these tokens sell quickly and run out, it gives the company a wave of money that it can use to build a product. Read More
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Ohio first state to allow taxes to be paid with bitcoin

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Norwalk Reflector | Full Article Last week, Ohio became the first state to allow businesses to use bitcoin to pay 23 different taxes at OhioCrypto.com, a website run by the Office of the Ohio Treasurer. “I believe if we’re going to make Ohio a place for the leaders in the technology economy we have to make Ohio a leader in technology first,” Ohio Treasurer Josh Mandel said. “I envision it as Ohio planting the flag to make us the leader in blockchain technology.” Blockchain technology is a growing list of records linked by cryptography — coded secure communications — to act as a public ledger for cryptocurrency transactions. The technology was invented for bitcoin. Read More
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