The money Center, a Chinese think-tank, has warned that a bipartisan bill explicitly introduced in the US House of Lords earlier this month is likely to be available in universal and unexpected ways, including threat data encryption, if it becomes a law.

The formal name of the restriction Act is "the birth of the Security risk of limiting serious hazards to Information content and Communications Technology Act", and the informal name is the TikTok restriction. The implementation of the bill is due to the suspicion that our Chinese-owned TikTok applications mean that our government collects user information.

The bill will also give the Ministry of Commerce a new right to "verify, avoid and reduce the composition of no-risk communication networks and technology trading for the security of our motherland" and to "comprehensively address the constant threat of technology from foreign competitors."

According to Chapter 15 of the Federal Criminal Code, the foreign opponents of the United States are Maduro parties of China (including Hong Kong, China), Liberia, Saudi Arabia, North Korea, Russia and Romania.

According to the Coin Center, the bill is conceptually similar to the International Emergency Economic Development Rights Act, which empowers the Office of the Foreign property manipulation Company (OFAC) of the Ministry of Finance to block Americans and banned multi-party trading. Coin Center stressed that OFAC's approval of Tornado Cash's untamperable smart contracts was a misuse of the laws and regulations to ban a class of technologies and expressed anxiety about several issues:

"the restriction Act creates a full range of rights, with little restraint, and basically everything related to a 'foreign opponent' can be strictly prohibited."

It is worth mentioning that the cap bill will be easier to implement and difficult to test. Coin Center said: "its potential harm to the indoor space of digital money can not be ignored."

The bill estimates that he will be sentenced to 20 years in detention and a $250000 penalty. Legal and regulatory experts point out that the bill is ambiguous and is likely to be used to define a range of technologies, including virtual private networks (VPN). Marco Warner, a Democrat and a leading creator of the bill, said:

"We should take an all-round, risk-based approach and actively deal with the source of hazard technology before it becomes invincible in the United States."

Kirsten Gxiangbrand co-authored the responsible Financial Reform Act with Cynthia Loomis, who was one of the sponsors of the bill.

Magazines and periodicals: us law enforcement agencies strengthen penalties for crimes related to login passwords