Bitcoin Daily: Nevada OKs Blockchain Bills; Binance Restricts US Users

Nevada has passed regulatory sandbox legislation that aims to continue blockchain investment and development in the state.

According to CoinDesk, Governor Steve Sisolak signed the following bills into law: SB161, which creates a regulatory sandbox for emerging tech companies through a program in the Department of Business and Industry; SB162, which develops a definition for “public blockchain” within Nevada Revised Statutes and requires government agencies to accept electronically certified documents; SB163, which authorizes businesses to store and maintain corporate records on a blockchain; and SB164, which defines virtual currencies as intangible personal property.

“We’re thrilled to see that Nevada continues to take a thoughtful approach to technology,” said Jackie Morck, President of the Nevada Technology Association, in a statement. “By supporting light-touch legislation, our state is clearly committed to supporting innovation and investment. At the same time, the creation of the legislative Tech Caucus demonstrates that we’re serious about staying on the leading edge of emerging technologies. We’re excited to be a partner in building the new Nevada.”

In other news, to prepare for the launch of its U.S.-based service, Binance is placing restrictions for U.S. passport holders.

Binance will no longer permit U.S. passport holders to sign up for its global service, while existing customers have a grace period of 90 days until they are unable to deposit funds to the site or make trades.

“There will be a few restrictions on accompanying this. But some short term pains may be necessary for long term gains. And we always work hard to turn every short term pain into a long term gain,” tweeted Binance CEO Changpeng Zhao, according to reports.

And bitcoin now has more than one million daily active addresses — the number of unique “from” or “to” addresses used per day.

“When Bitcoin first broke 1 million active addresses (Nov 27, 2017), 1 BTC was $9,352 and the median tx fee was $3.23. Yesterday 1 BTC was $8,230 and the median tx fee was $1.33,” tweeted Kevin Rooke of CoinMetrics, according to CoinDesk.