Former US Mint Chief: Bitcoin a Serious Challenge to Government Money
Edmund C. Moy, the former director of the US Mint - the government body responsible for producing the country's physical coins, made waves in the bitcoin community this week when he took to Twitter to voice his enthusiasm for digital currencies. Moy's comments were issued in response to the most recent $2.6bn Credit Suisse settlement, in which the Switzerland-based banking giant pleaded guilty to helping clients evade taxes. In light of this news, the 38th Director of the US Mint went so far as to suggest that digital currency could provide the answer to current problems in the financial....
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Ed Moy, a former U.S. Mint Director, has recommended cryptocurrency like bitcoin as one of three useful ways to diversify your personal portfolio, according to Newsmax’s finance section. As long as the Internet exists, digital currencies such as bitcoin will have value, and they are beyond the reach of government and banks at present. In addition to investing in digital currencies, he recommends hoarding cash and buying metal bullion coins. Moy, who served as the 38th Director of the U.S. Mint from 2006 to 2011, is a member of the advisory board of Virtual Mint, LLC, which creates....
Edmund C. Moy served as the 38th Director of the U. S. Mint from 2006-2011. In an opinion piece published in Money News, former director of the United States Mint Edmund Moy discussed China's recent "dissing" of bitcoin. Moy is, of course, referring to the Chinese government dropping the ban hammer on third-party payment companies doing business with bitcoin exchanges - which has put a damper on the growth of bitcoin in the communist country. "The Chinese government needed to clamp down on BTC before it gained enough momentum to threaten the government's monopoly on currency," Moy says.....
Another evening, another mint. Today’s briefing features more SXSW chatter, a new sports star signing on to a major NFT marketplace, and a whole lot more. Let’s dive in. The Nightly Mint Latest Mint: NFTs On Instagram Yesterday’s Mint opened up the door to the flood of NFT and crypto-related activations, panels and content that […]
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