US Treasury Adds Digital Currency Representative to Advisory Group
At the latest Bloomberg Breakfast event held in New York on 18th March, David S Cohen, Under Secretary of the US Department of the Treasury, discussed the challenges of digital currencies as part of a broader conversation with the media outlet's Matt Miller to air on Bloomberg TV. In the hour-long talk, Cohen spoke about the organisation's role as a global leader in educating consumers and governments on the evolving issue, paying a particular interest to the potential illicit uses of digital currencies, as well as the measures it is willing to take to ensure their proper use. Most....
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The European Central Bank (ECB) has appointed an advisory group for the digital euro project. Called the Digital Euro Market Advisory Group, it was founded with 30 members from business backgrounds. The council will have a say in the design, distribution, and value that this new digital currency can provide for the payments ecosystem. The currency could start its development phase in two years.
ECB Integrates Digital Euro Advisory Group
The European Central Bank has announced the appointment of the Digital Euro Market Advisory Group, an organization that will give council to the....
Mercator Advisory Group, a leading financial industry consulting firm, has released a research note on digital currency regulation worldwide. The note is titled 'Global Digital Currency Regulations: Divergent Paths' and is available for perusal for the tidy sum of $1250. Mercator has identified five different classes of digital currency regulation that have been enacted around the world that falls on a spectrum that goes from positive to negative. Tristan Hugo-Webb, Associate Director of the International Advisory Service and author of the paper, wrote: The global payments industry has....
Universal Bitcoin services startup Xapo has announced that former executives from Visa and Citibank, alongside a former secretary of the treasury, has joined the company's board of directors. In a Xapo statement, Visa founder Dee Hock, former Treasury Secretary and President Emeritus of Harvard University Lawrence H. Summers and former Citibank CEO and Chairman John Reed, said they joined the company because of the potential of Bitcoin's technology and currency to advance financial services. Reed highlighted how Bitcoin could change financial services, noting they have "remained largely....
The Chamber of Digital Commerce (CDC), a digital currency advocacy group, has appointed former Wall Street executive Blythe Masters to its board of advisors. Masters who joined Digital Asset Holdings - a startup that uses blockchain tech to enhance the settlement of traditional and digital assets - as CEO in March spoke about her new advisory role. She said:
Mercator Advisory Group has published a research note on global bitcoin regulation, making it the latest established name in the financial industry to release a report on bitcoin. The note, titled 'Global Digital Currency Regulations: Divergent Paths', examined trends in digital currency regulation and concluded that industry development is currently hampered by a lack of regulatory consistency. "The global payments industry has been taken aback by the rise of the new payment technology represented by bitcoin and other digital currencies, which at its core has the potential to radically....