Category Archives: 2019 legislative issue

Lege TREND. Bitcoin. Taxing Cryptocurrency miners.

Norway is changing the way it taxes bitcoin miners.

The current tax structure for cryptocurrency miners: 

  • the lower rate for power intensive industries (capacity of more than 0.5 megawatts)
  • the rate: $0.00056 per kilowatt hour
    • 2.8% of the standard tax rate

The new rate tax structure for bitcoin in Norway:

  •  $0.019 per kilowatt hour

CryptoCurrency 365 | Norway Decided to Impose Normal Electricity Tax on Miners

Lege TREND. Define Cyber Events like Hurricanes or Terrorism. Read the bill.

The Nevada Legislature will consider SB69 (2019 | NV) which is:

  • backed by the Division of Public Safety’s Division of Emergency Management
  • defines significant cyber events like invasions, disasters and riots
  • require schools, cities, counties and resorts to have emergency response plans
  • designates October as “Cybersecurity Awareness Month”
  • allows the governor to call on the national guard during a significant cyber event

Nevada Independent | New pre-filed bills take aim at education,…

Regulatory TREND. Accept Bitcoin for TAX PAYMENTS. 3 takeaways from Ohio

  • Ohio is the 1st state to accept bitcoin for tax payments
  • On OhioCrypto.com 23 Ohio taxes can be paid via bitcoin
  • Bitcoin tax payments will be limited to Businesses
    • After a successful pilot with businesses, then the bitcoin tax payments will open for individual OH taxpayers

Crypto Currency News | Ohio Accepts Bitcoin for Tax Payments: A Much-Needed Silver Lining. 

1 Road Block for Anti-Hacker State Legislation

States have taken different approaches to how to regulate hacking by research, or white hat hackers, who identify and report data security vulnerabilities.

An example of this is a researcher who discovered in 2017 that USPS had left open all user information of the usps.gov website. There was no response from USPS, and the breach was disclosed this week. 

Tech Crunch | U.S. Postal Service Data Breach Exposes Data of 60M Customers 

 

Business TREND. Large Tech Company 6 Points to Any Data Privacy Bill. Tech Company Drafts Model Privacy Bill

Intel has drafted model data privacy bill that includes these 6 points:

  •  comprehensive, technology neutral and support the free flow of data
  •  risk-based accountability approaches
  • Automated decision-making should be fostered while augmenting it with safeguards
  • promote access to data, supporting the creation of reliable datasets available to all, fostering incentives for data sharing, and promoting cultural diversity
  • Funding research in security
  • Algorithms can help detect unintended…

Liability Issue. Lege Trend. Internet of Things.

How do consumers hold manufacturers of internet of things products, like a connected refrigerator, liable for a data theft or property damage from a hack?

That is part of what California’s SB 327 (2018 | CA) seeks to clarify to protect consumers.

CNN Wire | WE NEED STRONGER CYBERSECURITY LAWS FOR THE INTERNET OF THINGS

Regulatory TREND. Medical Office Data Breach Settlement. State Attorney General Bans Business Ownership.

Where: New Jersey

Who: New Jersey Attorney General Gurbir Grewal

What: In a settlement of a data breach  of medical records, New Jersey Office of Attorney General banned those responsoible for the breech from owning or operating a business in New Jersey. 

Gov Info Security | Breach Settlement Has Unusual Penalty 

Refreshing our Recollection | Internet Bill of Rights | Hello, Telecom: Hint, Hint: This is where the left & right meet.

Activists are promoting an Internet bIll of Rights, the kind of bill state legislatures love. What would it do?

  • Keeping your “browsing history” private
    • ​Except: fraud or potential crimes  
  • Full disclosure when being monitored, and the right to opt out
  • Preserving the privacy of your social media accounts.
  • Ownership of your personal, digital content
  • Notification of injurious data breaches
  • Fair play on social media platforms and/or internet providers
  • Protecting children on social media
  • P…

Refreshing our Recollection | 5 States. 5 Data Protection Bills. Health Care. Retailers. Notifications.

The Hill | States are leading…

Refreshing our Recollection | 3 Elements to Bitcoin Regulation

  • Caution: Conflicts of Interest.  Virtual asset trading platforms often engage in several lines of business that would be restricted or carefully monitored in a traditional trading environment.
  • Account for Abusive Trading Behavior
  • Consumer Protetctions needed

 

NY Attorney General | Virtual Markets Integrity Investigation