This bill allows financial institutions to act as custodians for digital assets and virtual currencies. It also provides a clear mechanism for establishing property ownership in digital assets and virtual currencies.
This bill creates a classification for peer-to-peer car-sharing platforms and prevents double-taxation on participating individuals who have already paid sales taxes on their shared vehicles.
The knee-jerk reaction to more tightly regulate industries and professions every time a customer is dissatisfied tends to hurt honest professionals, who are just trying to do their jobs, more than it prevents negative outcomes.
