Bitcoin Foundation forms committees for legal defence and regulation
The Bitcoin Foundation has created three legal committees to offer help and guidance to businesses and individuals in the digital currency space. Mike Hearn has been announced as the chairman of the Law and Policy Steering Committee while Marco Santori is chairman of the Regulatory Affairs Committee and Brian Klein is chairman of the Legal Defense Committee. "We're putting together a team of people to engage regulators across the country in a conversation - to try and be proactive about bitcoin education," said Santori. He explained the committees are trying to get people from every US....
Related News
The Pakistani government has formed three committees to decide whether to establish a legal framework for cryptocurrency or ban it. The committees will review all aspects of the cryptocurrency business and come up with recommendations on the country’s crypto policy.
Committees Constituted to Decide on the Legal Status of Cryptocurrency in Pakistan
Pakistan’s federal government has constituted three sub-committees to decide the future of cryptocurrency and related businesses in the country, the Express Tribune reported Tuesday citing documents it has seen.
....
Pakistan Government has formed committees which will help them decide the future of the cryptocurrency business. These three sub-committees that have been set up will help the government of Pakistan to decide whether the digital asset should be banned or not. The committees are responsible to assess the various aspects of the industry to make […]
Under the Defence Trade Control Act (DTCA), Australians could face up to ten years in prison for teaching encryption. Criminal charges will go into effect next year. The new legislation will make it illegal for Australians to teach or provide information on encryption without having a permit. Australia’s Department of Defence originally passed the Defence Trade Control Act on November 13, 2012. However, amendments were made to the DTCA and passed into law just last month in April. There is a 12-month implementation period, so Australians are safe for now.
Two senate committees are expected to convene soon regarding possible regulatory issues related to decentralized electronic currencies such as bitcoin. Congressional aide sources inside the Senate told the Wall Street Journal that members of government and representatives from the private sector are expected to testify during the hearings. No dates have been set, but the hearings are expected to occur within the next few weeks. "The Bitcoin Foundation thinks these upcoming hearings are good for consumers and others as education on bitcoin is important," Jinyoung Englund, the foundation's....
SROs can eventually provide “connective tissue” between the crypto industry and government as U.S. regulatory infrastructure forms. As the adoption of crypto takes off, the industry is exerting increasing influence on American society. This can be seen in its lobbying efforts and political action committees, for example, and in its own organizational efforts, such as business associations that promote it at the state, regional and national levels. Another way crypto is influencing society is through self-regulation. The broader impact of self-regulation may be less apparent than when a PAC....