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Bill: CRYPTOCURRENCY BAN ACT OF 4605
Details
Submitted by[?]: Baltusian Conservative Party
Status[?]: passed
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 4606
Description[?]:
| The Baltusian Conservative Party proposes the Cryptocurrency Ban Act of 4605, an act that will make cryptocurrencies such as bitcoins illegal in the country. |
Proposals
Article 1
Proposal[?] to change Government policy on cryptocurrency.
Old value:: The national government leaves policy on cryptocurrency to local governments
Current: The government has no policy on cryptocurrency
Proposed: Cryptocurrency is illegal.
Debate
These messages have been posted to debate on this bill:
| Date | 09:26:21, July 13, 2019 CET | From | Baltusian Conservative Party | To | Debating the CRYPTOCURRENCY BAN ACT OF 4605 |
| Message | Cryptocurrencies do not have the stability you normally associate with a currency like the Baltusian dollar. This makes them very volatile. Bitcoins are not backed by any precious metal like gold and the value of a Bitcoin or any cryptocurrency, lies within itself. No one knows how this currency, the Bitcoin, gets its value. Unscrupulous real estate agents and tax evaders are using Bitcoins, to invest in real estate after demonetization. Cryptocurrencies are used for money laundering, tax evasion and the spread of black money. We must ensure that our citizens will not be victimized or fooled. |
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Voting
| Vote | Seats | |||||
| yes | Total Seats: 284 | |||||
| no | Total Seats: 222 | |||||
| abstain |
Total Seats: 144 |
| Random fact: Information about the population of each country can be found on the Population Information thread: http://forum.particracy.net/viewtopic.php?f=5&t=8663 |
| Random quote: "Rarely is the question asked: is our children learning?" - George W. Bush |