In its pursuit of heightening financial security measures post Libra announcement, the US lawmakers are considering imposing a nationwide ban on issuance of cryptocurrencies by large technology corporations. Reuters released a report on Monday with its interpretation of the draft bill being circulated by the Democratic party. It states that the U.S. House of Representatives have proposed to put a stop to big technology corporations from playing the role of financial institutions. What does the draft bill specify? Under the cryptocurrencies section of the draft bill, the proposal debars large tech platforms from issuing, circulating or handling digital currencies as
