Cryptocurrency Act of 2020
By Cryptomcmillan1 | Updated on May 24, 2020
The Cryptocurrency Act of 2020 is a bill which aims to clarify which federal agencies would regulate which type of crypto assets. It was introduced by Rep. Paul Gosar, a congressman from Arizona, United States of America.
Related Terms
Double Spending
Double spending refers to the act of spending digital currencies twice. This is most commonly applied on crypto exchanges by unscrupulous actors.
Wash Trade
Meaningless back and forth trading between a single party with the aim of inflating trade volume.
Block
In the context of blockchain, block refers to the collection of transactional data or information that are bundled together in a predetermined size.
Decentralized
A system where there are no centralized points of failure or organization with no central authority figure.
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