New Jersey Slated to Hold Hearing on Digital Currency
Someone apparently told cryptocurrency to "go back to Jersey," and the advice seems to have been taken. The New Jersey State Legislature is slated to hold a hearing on digital currency. Among the topics to be discussed include safety and consumer protection, applications, the advantages of cryptocurrency and current regulation practices regarding usage. Assembly Democratic spokesman Tom Hester explains how the idea to hold the hearing first came about: "Chairman Coughlin wanted to do a hearing on digital currency because he realized that the role of digital currency is expanding in society....
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The New Jersey State Legislature is holding a public hearing on bitcoin and digital currency today. The Assembly Financial Institutions and Insurance Committee has invited select guests to testify to the applications, consumer protection risks and concerns, advantages and current US regulatory schemes related to digital currency use. 'Chairman [Craig J] Coughlin wanted to do a hearing on digital currency because he realized that the role of digital currency is expanding in society and felt that the legislature should consider how to ensure New Jersey is prepared to deal with that....
A new bill by proposed by two New Jersey assemblymen could mean tax and regulatory breaks for digital currency companies operating in the state. According to The Star-Ledger, the bill would lessen burdens for cryptocurrency companies in an attempt to incentivize job creation in the state. Proposed by Assemblyman Rai Mukherji (D-Hudson) and Assemblyman Gordon Johnson (D-Bergen), the 30-page bill would create a regulatory framework for digital currency companies to operate within as well. The bill comes two months after New Jersey's Assembly Financial Institutions and Insurance committee....
A group of nine business owners and legal experts pitched a panel of New Jersey legislators this week on why they should make the Garden State a hub for bitcoin development. To get there, the panel urged, would require creating an environment in which digital currency developers, startups and ideas could flourish without the risk of onerous financial rules stifling innovation. The 5th February hearing was hosted by the New Jersey Legislature's Assembly Financial Institutions and Insurance Committee. Among the topics discussed were the multi-signature wallet technology, the nature of....
Jersey is an island off of the coast of Normandy with a self-governing government but still autonomously attached to the United Kingdom. Much like the Isle of Man, Jersey has been seen as one of the safe havens for digital currencies. It has led a lot of people working on financial and technological innovation to settle their business there. The island is interested in securing its future in the emerging world of digital currency and how it could benefit their community. By taking this in mind, the Island government is pushing forward with plans to regulate and establish legislation for....
There's been talk of a Senate hearing on Bitcoin taking place soon. Heck, I've even reported about this recently. Now, information is coming forward that the hearings are slated to take place on the 18th of November before the Senate Homeland Security & Governmental Affairs and also the Senate Banking committee. Members of the bitcoin community (including Patrick Murck of the Bitcoin Foundation) are expected to testify in order to inform members of Congress of the digital currency's use and implications when it comes to finance and crime. The news comes from Mike Hearn, who's from the Law....