Cryptocurrencies Introduced to the Definition of Money by Washington DPI
The Department of Financial Institutions (DFI) of Washington has included the cryptographic currencies in the common definition of the term “Money”. The alternations can be observed in the Revised Code of Washington (RCW) tile 19, chapter 230 “Uniform money services act”, 010 Definitions or simply RCW 19.320 Definitions: “(16) “Money” means a medium of exchange that is authorized or adopted by the United States or a foreign government or other recognized medium of exchange. “Money” includes a monetary unit of account established by an intergovernmental organization or by agreement between....
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Bitcoin was first introduced in a paper by "Satoshi Nakamoto" back in 2009. Since then the cryptocurrency rose to fame and inspired a lot of bitcoin-based startups to set up shop, potentially revolutionizing the financial industry. However, not much has been said about the real identity of who introduced this concept in the first place. Satoshi Nakamoto was known to communicate with other bitcoin enthusiasts only through email, never in person or by phone. By 2011, all communications from him ceased. Satoshi Nakamoto from Washington? There have been many speculations on who Satoshi....
Playing real money casino games is on of the things that one could do with their crypto-money, especially if the currency in question is one of the more popular ones like Bitcoin, Dogecoin or Litecoin. Nowadays, there are many casinos that accept cryptocurrency payments. Check this noteworthy page for more information on some of the best Bitcoin casinos out there. The Historical Development of Cryptocurrencies. The inception and creation of cryptocurrencies is tightly connected with the popularisation of the internet. Come to think of it, we have the internet to thank for many of the....
A group of Wyoming legislators has introduced a bill that, if passed, would ease a key regulatory burden on money transmitters in the state that work with bitcoin and other digital currencies. HB0026, introduced on 20th January, seeks to add a definition for digital currencies to a list of "permissive investments", or assets like cash or securities that must be held by a money services business equal to the amount of its existing payment obligations, to the Wyoming Money Transmitters Act. The four-page bill excludes virtual currencies like rewards points, and would take effect on....
Photo by Cometstarmoon. As director of Bitcoin Magazine and a Bitcoin Foundation board member, Elizabeth Ploshay is one of Bitcoin's most prominent figures. Now she plans to bring her ideas and influence to Washington, D. C., where she hopes to change the national dialogue about Bitcoin. Bitcoin Evangelist Elizabeth Ploshay Goes to Washington. In the classic film Mr. Smith Goes to Washington, the naive Jefferson Smith is chosen to fill his state's vacant Senatorial seat. He goes to Washington with an idealistic, yet minor goal-to build a national boys' camp. As he maneuvers the political....
On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.”
Washington Nationals Ink Long-Term Deal With Terra
Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra,....