The New York Times is reporting on the first ever cryptocurrency law, which states that:1) the supply of digital currencies must be limited to 10% of the total supply.2) no digital currency can be more than $100,000.3) digital currency cannot be used for anything but a purchase or a transfer of value.
The article states that, “the law, the first of its kind in the U.S., would apply to any cryptocurrency that’s traded on a public exchange or is traded on an exchange regulated by a state or territory.”
The law is scheduled to take effect in March 2018.
The Times article also states that this is the first law of its type in the United States.
The article states, “If the law is not repealed, the U