Educating Regulators a Priority, Say Blockchain Policy Experts
If digital currency is ever going to go mainstream, regulators will need to remove the doubt that surrounds it. But before that happens they need to understand the technology. At a series of panels during the second day of the Consensus 2016 conference in New York City, a representative of the Federal Reserve Bank of St Louis, a former member of the White House communications team and multiple startup founders took turns predicting the future regulatory climate for digital currencies like bitcoin. What connected each of the panels, which spanned a wide range of topics, was a distinct sense....
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Robert Ellison noted that a regulatory framework for staking is achievable because the concept is very easy to understand. Cointelegraph's managing editor Alex Cohen interviewed Figment's staking marketing director Robert Ellison at the European Blockchain Convention (EBC) 2022. The duo discussed topics like educating regulators on blockchain and crypto, how businesses navigate uncertain regulatory landscapes and regulating staking. According to Ellision, it's very important to educate regulators in the space to mitigate the risks of them going overboard without understanding the basics.....
Mister Bitcoin gets sworn in at the New York Bitcoin hearings. Most of the Bitcoin hearings held by various governments around the world have been rather boring, but yesterday's New York Bitcoin hearing actually offered something different. These hearings usually consist of Bitcoin entrepreneurs and specialists advising regulators on what they should do to foster Bitcoin-related innovation in the local country, but the regulators will usually reply simply with, "9/11." Up to this point, it's pretty much been Bitcoin experts talking to a brick wall that doesn't want to share much about its....
Working towards common policy goals will be priority number one where Bitcoin and blockchain are concerned. Getting US Congress to think along the right lines for Bitcoin and blockchain regulation is not an easy feat. Thankfully, there are initiatives such as CoinCenter, which aim to bridge the gap between disruption and government. A bipartisan Blockchain Caucus has been formed, which should help establish a sound policy towards blockchain and cryptocurrency in the US. On paper, the creation of a caucus dedicated to blockchain and cryptocurrency development is a great victory. For quite....
The Depository Trust & Clearing Corporation (DTCC) hosted a group of regulators and members of the financial industry in Washington, DC, for a discussion on blockchain tech last month. The event, held on Capitol Hill, was designed by the DTCC to give regulators and other financial industry stakeholders a chance to ask questions directly to blockchain experts. In a blog posted yesterday, DTCC managing director Mark Wetjen said of the event: "It is important that we engage policy makers and regulators from the beginning of this process. New technologies are creating tremendous....
The Binance Smart Chain has launched a $10 million bug bounty fund for projects building on top of the protocol, called “Priority One.” The initiative aims to keep the blockchain network secure by encouraging bug bounty hunters and ethical hackers. Binance Smart Chain Reveals $10 Million Bug Bounty Fund ‘Priority One’ Security experts and bug bounty hunters now have incentive to help the Binance Smart Chain (BSC) developers secure the network. On Monday, the BSC project revealed “Priority One,” a $10 million fund for projects built on top of the BSC....