Bitcoin Hearing For Small Businesses
Last Wednesday, the Committee on Small Business held a hearing aimed at exploring Bitcoin, the benefits and risks for small businesses. The hearing was attended by financial, legislative, economics and leading Bitcoin professionals. "Bitcoin: Examining the Benefits and Risks for Small Businesses," was one of the first hearings to be entirely focused on....
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The US House of Representatives committee on small business held a hearing on 2nd April to discuss the growing use of bitcoin by the country's small business owners (SMBs), and the pros and cons that using this technology as a payment option offers the demographic. Entitled 'Bitcoin: Examining the Benefits and Risks for Small Business', a panel of experts spoke about the benefits and costs of the use of bitcoin by SMBs, while also touching on hot topics like Silk Road and the recent IRS decision on the tax treatment of digital currencies. Committee Chairman Sam Graves noted in his opening....
The Red Rage variety of hot sauce. As Bitcoin and other cryptocurrencies grow and mature, we'll see more businesses accepting them. Often, the news has always tended to focus on the many large businesses, such as Newegg and TigerDirect, that accept Bitcoin. However, across the world, many small businesses are becoming interested in Bitcoin. The Iron Rail Diner, a small family-owned diner in Maryland, graciously accepts Bitcoin, Dogecoin, and Litecoin. They've seen quite a few sales from Dogecoin. In the future, we'll likely see many more small businesses accept Bitcoin and other digital....
Congresswoman Velázquez. Representative Nydia M. Velázquez (D-New York) today made remarks with relation to bitcoin at a House Committee on Small Business hearing entitled Bitcoin: Examining the Benefits and Risks for Small Business. I'm not going to fill this post up with fluff and a full-on analysis that really just restates what the Congresswoman said. I think it's best read as a transcript. I have, however, emboldened sections I think are important. "Thank you, Mr. Chairman. American entrepreneurship is closely linked to technological innovation. Whether it was the arrival of Google or....
At 1PM on 4/2/14 in room 2360 of the Rayburn House Office Building, the House Committee on Small Business assembled for a hearing on Bitcoin: Examining the Benefits and Risks for Small Business. The House Committee on Small Business is chaired by Congressman Sam Graves [MO-06], other representatives on the committee are Tom Rice [SC-07], Chris Collins [NY-27], Kerry Bentivolio [MI-11], David Schweikert [AZ-06], Tim Huelskamp [KS-01], Richard Hanna [NY-22], Jaime Herrera Beutler [WA-03], Scott Tipton [CO-03], Mick Mulvaney [SC-05], Blaine Luetkemeyer [MO-03], Mike Coffman [CO-06], and last....
Nayib Bukele, dubbed the “CEO of El Salvador,” is pushing the envelope by implementing Bitcoin as a legal tender in the real world. The Salvadoran government is attempting to develop a Bitcoin-backed credit product for micro and small companies around the country. As a result, small and micro-businesses will be able to qualify for low-interest […]