US Senate Meets Bitcoin Day 1

What happens when the US Senate meets Bitcoin? Today and tomorrow, the US Senate will conduct two hearings to learn more about this skyrocketing in value, digital, decentralized cryptocurrency. Summoning representatives from the Bitcoin Foundation, BitPay, Circle, Ripple and additionally, representatives from FinCen, Academia and Financial Services Roundtable. Today, the Bitcoin Foundation and Circle will share the merits of Bitcoin at a 3pm EST Senate Homeland Security and Governmental Affairs Committee hearing entitled, "Beyond Silk Road: Potential Risks, Threats, and Promises of Virtual....

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....

What is Canada's place in regulating bitcoin? This is the theme running through the Canadian Senate's Standing Committee on Banking, Trade and Commerce's study on the use of digital currency. The Bitcoin Strategy Group, BitAccess and CAVirtEx sat before the senators on 9th April to demonstrate how bitcoin is purchased and stored. Their representation marks the first presence of bitcoiners in the Senate sphere. The Canadian Senate has already heard from the Bank of Canada, the Department of Finance, economic historians and other academics. On Thursday, April 10th, the committee will hear....

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....

On the surface, ‘Crypto’ and ‘Gaming’ seem like an intuitive couple, yet the current landscape of these largely complementary industries reveals that the fusion of the two is still very much under construction. The challenges posed by accessibility, reach, design, function and a plethora of others immediately springing to mind are bravely being tackled by many crypto and tech wizards, yet only a handful are pioneering this evolution. In this article, we’ll review the industry’s […]