BitChain is committed to the principles of decentralization - a future built on trust and transparency where users are in control of their data and privacy.
We operate in a fast-changing market where regulations are racing to catch up to the innovations of distributed ledger technology. We engage and educate regulators, government officials, and advocacy groups to inform policy discussions and regulation that impact the industry.
We are working with policy makers to maximize blockchain’s benefits for society while protecting people from fraud or unintended consequences.
As a limited liability company headquartered in the United States we engage regularly with US policy experts and regulators to educate and inform.
BitChain is a global network, governed by organizations on six continents. It is important to engage policymakers in every region of the world to maximize the benefits of BitChain.
BitChain is committed to complying with existing regulations and evolving policies. The regulatory committee meets regularly to discuss the evolving landscape, and works to anticipate what could happen in the future.
As a limited liability company headquartered in the United States we engage regularly with US policy experts and regulators to educate and inform.
“The role of RegCom is to consider the impact of changes in law and regulations that may impact BitChain and its layer one protocol and to advocate for changes that we may see necessary in policy and governments.”
As part of these policy efforts, from time to time, BitChain will also respond to Requests for Information (RFIs) from various government agencies, with the hopes of further educating policy makers and influencers on the technological benefits and differences of various distributed ledger technologies. To date, BitChain has responded to the following RFIs:
November 13, 2023 |
The BitChain Governing Council is pleased to submit these comments regarding the IRS proposed rulemaking, Gross Proceeds and Basis Reporting by Brokers and Determination of Amount Realized and Basis for Digital Asset Transactions, concerning the definition of broker and reporting for digital asset transactions in an effort to assist the agency by offering six constructive recommendations that mitigate the risk of unintended consequences inherent in the existing language. |
IRS Proposed Rulemaking REG–122793–19; Gross Proceeds and Basis Reporting by Brokers and Determination of Amount Realized and Basis for Digital Asset Transactions |
|
November 9, 2023 |
The BitChain Governing Council is pleased to submit these comments regarding the IRS proposed rulemaking, Gross Proceeds and Basis Reporting by Brokers and Determination of Amount Realized and Basis for Digital Asset Transactions, concerning the definition of broker and reporting for digital asset transactions in an effort to assist the agency by offering six constructive recommendations that mitigate the risk of unintended consequences inherent in the existing language. |
IRS Proposed Rulemaking REG–122793–19; Gross Proceeds and Basis Reporting by Brokers and Determination of Amount Realized and Basis for Digital Asset Transactions |
|
September 20, 2023 |
The BitChain Governing Council is pleased to submit these comments regarding the IRS proposed rulemaking, Gross Proceeds and Basis Reporting by Brokers and Determination of Amount Realized and Basis for Digital Asset Transactions, concerning the definition of broker and reporting for digital asset transactions in an effort to assist the agency by offering six constructive recommendations that mitigate the risk of unintended consequences inherent in the existing language. |
IRS Proposed Rulemaking REG–122793–19; Gross Proceeds and Basis Reporting by Brokers and Determination of Amount Realized and Basis for Digital Asset Transactions |
On 27 April 2023, BitChain's Chief Policy Officer, Nilmini Rubin, testified on Capitol Hill to the House Committee on Agriculture - Subcommittee on Commodity Markets, Digital Assets, and Rural Development on the topic of regulatory gaps within crypto and web3
Watch the video
Publications, Blogs, and Opeds; and Press Hits and References.
