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Bill: Cryptocurrency Act
Details
Submitted by[?]: Radical Liberty Union (RLU)
Status[?]: defeated
Votes: This is an ordinary bill. It requires more yes votes than no votes. This bill will not pass any sooner than the deadline.
Voting deadline: January 4434
Description[?]:
| A BILL TO Repeal regulations on cryptocurrency |
Proposals
Article 1
Proposal[?] to change Government policy on cryptocurrency.
Old value:: Cryptocurrency is legal and regulated, the state will issue it's own cryptocurrency.
Current: Cryptocurrency is legal and regulated, the state will issue it's own cryptocurrency.
Proposed: The government has no policy on cryptocurrency
Debate
These messages have been posted to debate on this bill:
| Date | 05:07:52, August 01, 2018 CET | From | Radical Liberty Union (RLU) | To | Debating the Cryptocurrency Act |
| Message | Why must this government regulate everything going? The beauty of cryptocurrency is that it doesn't require governmental control, it's decentralized, and fair. Releasing the government controlled cryptocurrency would allow it to properly flourish without government controls. |
| Date | 07:36:20, August 02, 2018 CET | From | Socialist Party of Kalistan (SPoK) | To | Debating the Cryptocurrency Act |
| Message | Comrade Speaker: The danger of cryptocurrency is that it is unregulated, and therefore can be manipulated by private actors for private profit. We see in other nations that cryptocurrencies are victim to speculative bubbles, and either you are extremely wealthy and can withstand the collapse of the speculation, or you buy in believing that you too can hit the lottery, and are left holding the bag when the ultra-wealthy pull their money out of the scheme. We do not oppose crypto currency. We oppose speculative capitalism. So we will vote against this bill. If the Comrades can provide a rock solid protection against rampant capitalist speculation to the benefit of the few at the expense of the many, we would be inclined to make a concession and vote for the bill. We yield, Marie Reina-Rodriguez Socialist Party of Kalistan Premier of the Republic |
| Date | 04:05:31, August 04, 2018 CET | From | Democratic Movement | To | Debating the Cryptocurrency Act |
| Message | Mr. Speaker, I agree with my friend across the aisle. Unbridled and unregulated capitalism will only hurt Kalistan. As Premier, I have committed myself to a healthy balance of capitalism and socialism. This bill, if passed, will result in doing just what the Socialists have said. For this reason, my party votes no. I yield. Ronald Southwark Premier of the Republic MP from Neveras |
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Voting
| Vote | Seats | |||
| yes | Total Seats: 261 | |||
| no | Total Seats: 489 | |||
| abstain | Total Seats: 0 |
| Random fact: In your Message Centre there is a really useful feature which allows you to subscribe to all of the bill debates in your nation. If you use that, then the "Watched Discussions" section will show you every time a new message has been posted on a bill. You can also subscribe to other pages you want to follow, such as your nation message-board, party organisations or bills outside your nation which you are interested in. |
| Random quote: "Freedom is not America's gift to the world. It is God's gift to humanity. " - George W. Bush |