Bitcoin Foundation Financial Standards Working Group
The Bitcoin Foundation's Financial Standards Working Group will focus on applying for ISO 4217 approval for a Bitcoin currency code as well as drawing up recommendations for a Bitcoin currency symbol and Bitcoin subunits. The Financial Standards Working Group is chaired by Beth Moses, an aerospace engineer, formerly with NASA and now with Virgin Galactic. Jon Matonis, Executive Director of the Bitcoin Foundation, said: "Standardization is an important step towards removing obstacles for mainstream adoption - this is especially true with a technology for financial innovation that is global....
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In effort to help standardize bitcoin and the bitcoin protocol, the Bitcoin Foundation has announced that the Financial Standard Working Group is well underway, led by Chairperson Beth Moses of Virgin Galactic (and formerly with the National Aeronautics and Space Administration). The group's priorities for the fourth quarter of this year into the first quarter of next year will be to apply for ISO 4217. In other words, the group is working to establish and get approval for a bitcoin currency code. They are looking to adopt "XBT", despite the fact that "BTC" is more commonly used in the....
The Bitcoin Foundation's Financial Standards Working Group has shed new light on its priorities for the next six months, announcing it will attempt to standardise bitcoin's code, currency symbol and subunits over that period. The group's formal plan of action follows its first emergence as an unnamed standards committee this June, when a post on the Bitcoin Foundation community forum called for volunteers for the initiative. The Bitcoin Foundation framed the group as one that will seek to smooth bitcoin's path to mainstream adoption by creating commonly accepted symbols for bitcoin as a....
Stablecoins should meet the same regulatory standards as other financial instruments, Trump’s Working Group on Financial Markets said.
The US branch of business reporting standards body XBRL has joined ethereum startup ConsenSys to develop standards for creating blockchain-based tokens. Announced today, a new working group co-led by XBRL US aims to to eliminate transactional friction between blockchains and automate the tracking of tokens on a global scale. Current XBRL US members include the DTCC, Swift, Deloitte and Thompson Reuters, among others – all firms that have been experimenting with enterprise blockchain tech. Cambell Pryde, president and CEO for XBRL US, argued that the development of standards in this area is....
The Hyperledger Project, a cross-industry collaborative effort to study, develop and implement open-source blockchain solutions and standards has set up a working group as an extended arm in China. The move to establish the group follows strong interest amid an increase in member numbers in the country. Announced this week, the Linux Foundation-led Hyperledger Project revealed that over 25% of Hyperledger members – of which there are more than a hundred on last count – are from mainland China. As a result, the open-source consortium has announced the Technical Working Group China (TWG....