Senate will discuss potentials and threats of digital currency
‘Beyond Silk Road: potential risks, threats, and promises of virtual currencies’ is the title of the forthcoming special hearing. Senators will debate approaches of new cryptocurrency and modern technologies. According to the plan of hearing, senators are going to listen to the economists, IT specialists and experts of encryption. Both experts from US law enforcement agencies and people representing bitcoin interests, including members of the Bitcoin Foundation, will be able to testify on hearing. It seems than the main reason for the Senate hearings was the closure of the Silk Road....
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The Canadian Senate has officially taken a pro-Bitcoin stance with regards to future national regulations of Bitcoin and other digital currencies. The official Canadian Senate report titled "Digital Currency: You Can't Flip This Coin! Report of the Standing Senate Committee on Banking, Trade and Commerce" explains how the government body views digital currency, and how it will be regulated, or not, going forward. Canada Will Allow Bitcoin to Develop. The Canadian Senate has spent the better part of the last year reviewing the role of digital currencies will have on the future of economics....
Today, the Bitcoin community entered into the halls of the US Senate once again, this time for a US Senate Committee on Banking, Housing and Urban Affairs Subcommittee on National Security and International Trade and Finance. In his opening statement Senator Mark Warner began the hearing and discussed his first encounter with wireless telephones in the early 1980s. He specifically stressed the need for open minds to hear about the potential and also the important ramifications around monetary policy and taxation related to Bitcoins and other cryptocurrencies. He stated that Bitcoin can....
The full video of today's Senate Committee on Homeland Security and Governmental Affairs hearing can be viewed here. Even the title of Monday's Senate Committee hearing on bitcoin reflects the overriding concern. "Beyond Silk Road - Potential Threats, Risks, and Promises of Virtual Currency" brings together several speakers from the government, industry, and non-profit sectors to give their opinions to the Senate's Committee on Homeland Security and Governmental Affairs about the potential security risks of the cryptocurrency. Here is a roundup of what to expect from testimony given at the....
First of all the FBI have closed Liberty Reserve, a Costa Rica-based centralized digital currency service. After this, the feds closed the Silk Road, an underground website of illegal drugs that accepted only BTC, and arrested the owner of Silk Road. Bitcoin is the most-coveted decentralized digital currency, and at the moment the federals are really thinking a lot of this next generation virtual currency. On Monday US Senate will hold hearings on the Bitcoin and other digital currencies case. More precisely, the hearings will be hold in the Senate Committee on Homeland Security and....
View the full video of the Senate Committee on Banking, Housing, and Urban Affairs hearing on virtual currencies here. It was refreshing to see a Senate hearing kick off half an hour early for a change, and in a place with far more sitting room than room 538 of the Dirksen Senate Office Building. Just before 15:00 ET, while aides were still preparing that room for the two-hour session, Senator Jerry Moran posted a question on reddit: "I'm one of the Senators attending today's US Senate Banking Committee hearing related to bitcoin. What would you like me to know?" He wanted wider input on....