The U.S. Basic Accounting Workplace (GAO), a congressional oversight physique, liberated A report on the regulatory framework for using blockchain in finance was accomplished in June.

The 77-page report was requested earlier than the midterm elections when Rep. Maxine Waters (NYSE:) and Rep. Stephen Lynch had been chairman and senior member of the Home Monetary Providers Committee, respectively. The report unsurprisingly discovered that extra regulation was wanted. The company has a framework for evaluating regulatory reform proposals formulated in 2009.

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