Bitcoin Up For Discussion at Commonwealth Virtual Currency Meeting
The Commonwealth Virtual Currencies Working Group will meet for the first time next week to discuss the management of cryptocurrencies, such as bitcoin. The specialist group, formed by the Commonwealth - a voluntary association of 53 independent countries, almost all of which were formerly under British rule - is made up of members from the Commonwealth Secretariat, Australia, Barbados, Kenya, Nigeria, Singapore, Tonga and the UK. Along with the International Monetary Fund (IMF), the World Bank, intergovernmental organisation Interpol and the United Nations Office on Drugs and Crime....
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Central bankers and senior finance officials from the Commonwealth are set to discuss bitcoin and digital currencies within the context of global remittances during a meeting tomorrow. The event is part of a two-day gathering of officials from the intergovernmental organization on 6th and 7th October. Comprised of 53 member-states, the Commonwealth is among a growing number of intergovernmental bodies to conduct work on digital currency issues. In late August, the Commonwealth Secretariat's Virtual Currency Working Group advocated that member nations move toward regulating the technology.....
The Commonwealth Secretariat is set to hold a hearing on digital currencies from 17th to 18th February to identify how the nascent technology might benefit consumers in the developing world. Called the Virtual Currency Round Table, the two-day event will feature representatives from Europol, the International Monetary Fund (IMF), Interpol and the United Nations Office on Drugs and Crime. Deputy secretary general of the Commonwealth Secretariat Josephine Ojiambo indicated in statements that the intent of the meeting is to highlight the benefits of bitcoin and other digital currencies, while....
The Commonwealth is a voluntary association of 53 independent and equal sovereign nations that has formed a Commonwealth Virtual Currencies Working Group to discuss bitcoin and its potential impact on their economies. Most of the nations in this group were formerly under British rule, but it includes some of the world's largest, smallest, richest and poorest countries, spanning five regions. Commonwealth countries are supported by an active network of more than 80 intergovernmental, civil society, cultural and professional organisations. The virtual currencies specialist group is made up....
A two-day event that brought together representatives from the Commonwealth Secretariat has ended with agreement that member states draft a formal report on virtual currencies. The main intergovernmental body behind the Commonwealth of Nations, the Commonwealth Secretariat represents 53 states, mainly in the developing world. The final report will be presented at the Commonwealth Heads of Government Meeting to be held in Malta from 27th to 29th November. A spokesperson for the organisation provided further details of potential subject matters the report might discuss, telling CoinDesk: "At....
From previously being dismissed as a medium of exchange in criminal markets, virtual currencies have been one of the highlights of the latest Commonwealth of Nations meeting. Senior finance officials and central bank governors from Australia, India, Singapore and the United Kingdom discussed how virtual currencies can be used to address current global financial issues. Advantages of Virtual Currencies. One of the major applications of virtual currencies was in the remittance sphere, which has been acknowledged as a growing industry in some of the members of the Commonwealth of Nations.....