Senate Committee Discussed Bitcoin Benefits
The reports of the United States Department of Homeland Security, provided for the hearing of the US Senate Committee on this Monday has a wide range of positive opinions. They concluded that digital currency is a legitimate financial instrument, and its widespread use has significant benefits for consumers. Opinion of state agencies considerably increases the chances of official recognition by the authorities of digital currency. According to their written agency representatives reports published this week – digital money offer real benefits and carry some risks as any other payment....
Related News
The Senate banking committee has been preparing a Report on digital currency, and in service of which Andreas Antonopoulos, along with many others, have testified before a committee. The conclusion reached by the committee seems to be a largely positive one, saying explicitly that the benefits of this technology outweigh the challenges it introduces and recommending a "light touch" in the regulatory side. A little while ago Decentral, was approached by a Senate staffer for assistance in placing a short message and a "proof of existence" into the Blockchain on the release of their report....
Who’s one step closer to regulating cryptocurrency use? Brazil is. The Senate Committee, more specifically The Committee on Economic Affairs, settled on a bill. Its aim is to regulate crypto transactions in Brazil. For the bill to become law, it has to be approved in the Senate plenary and then by the Chamber of Deputies. If it goes through those two hoops, the law goes into effect 180 days after publication. Related Reading | Stablecoin Supply Near $200 Billion, Faster Growth Than Rest of Crypto Even though regulation still seems far away, it’s good to remember that the bill started....
A Senate committee in Australia has made a number of proposals to address the lack of proper regulations for the cryptocurrency space. The lawmakers believe the country needs new rules for its fintech and digital asset industries to be able to compete with jurisdictions that are already attracting some of its own crypto firms. Senate Committee Calls for Accommodating Crypto Rules in Australia The rapid expansion of the crypto space has caught many governments by surprise, but while other nations are already providing market participants with some regulatory clarity, Australia is yet to....
TIME is reporting that the Senate Homeland Security Committee is planning to hold hearings on Bitcoin within a month, in a report published today. The committee sent letters to nine federal agencies in July asking for their thoughts on Bitcoins and other virtual currencies in the hopes of developing a holistic approach to the so-called cryptocurrency that neither stifles the currency's potential nor enables criminals to abuse it. Tom Carper, committee chairmain said,
Ottawa, ON - Locally owned and operated BitAccess announced today that it will be appearing before the Canadian Senate's Standing Committee on Banking, Trade and Commerce on April 9th, 2014. Co-founder Haseeb Awan is expected to present the ATM's unique capabilities and hopefully assist Senator Irving Gerstein in purchasing some bitcoin from the machine. Mr. Awan will also be discussing the benefits of their technology. The in-person demonstration by BitAccess to key government decision makers is expected to educate the Senate committee on bitcoin's accessibility and ease of use. This will....