Consumers' Research Highlights Benefits of Bitcoin for Policy Makers
Consumers' Research, the independent educational group and organiser of a recent blockchain workshop at Bretton Woods, has published a new white paper on blockchain technology. The paper, released today, sets out to identify the opportunities presented by the technology, the challenges present today and potential solutions to those concerns. Yet the report often invokes the possible advantages of transacting in digital currencies like bitcoin. Joe Colangelo, executive director for Consumers’ Research, writes in the preface to the report: "At the core of bitcoin is the ability to send....
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A Congressional report quietly released last month suggests that bitcoin could be a threat to US monetary policy, and makes the case for continued central banking control. The report, Bitcoin: Questions, Answers, and Analysis of Legal Issues, was published by the Congressional Research Service, which produces research reports for US policy makers. It argues for the benefits of a single, incumbent currency (the US dollar), for stability. "If greater use of bitcoin (and other cryptocurrencies) leads to multiple monetary units, these benefits could be threatened, particularly if these new....
Bitcoin tipping platform ChangeTip today announced that it is joining the Chamber of Digital Commerce (CDC), a Washington DC based group that advocates digital assets and currencies among the lawmakers. The San Francisco-based company said in its blog that it is committed towards expanding the benefits of digital currencies among the policy-makers. "Digital currencies are ushering in a new era of innovation," added ChangeTip's CEO Nick Sullivan. "We're proud to be part of the Chamber of Digital Commerce and we're certain that through their leadership, policy-makers will come to realize and....
In two weeks the crypto community will take Canada by storm at the Toronto Bitcoin Expo 2014. Organized by The Bitcoin Alliance of Canada, the conference will span three days, from April 11 to 13. Earlier today, Bitcoin Expo announced exhibitors, sponsors and conference highlights that attendees can look forward to at the first-ever event of its kind in Toronto. The Bitcoin Alliance of Canada aims to raise awareness of Bitcoin among Canadian consumers, merchants and policy makers. The organization has a strong focus on the adoption of Bitcoin and other virtual currencies throughout Canada,....
As described in a blog post released today, the Bitcoin Foundation has submitted a second public comment to the NYDFS's proposed BitLicense public comment period. The NYDFS has refused to reveal the "needs and benefits" justifications, which are legally required, for the BitLicense's severity. In this comment, Bitcoin Foundation General Policy Counsel Jim Harper emphasized that: The sacrifice of some decentralization in furtherance of other benefits to the Bitcoin ecosystem must meet a high burden of proof. Nobody should want a regulation that sacrifices Bitcoin's benefits if doing so....
President Barack Obama’s economic policy staff recently met with stakeholders across the fintech ecosystem to discuss how fintech can support economic policy, Adrienne Harris, special assistant to the President of economic policy, noted in a White House blog. The attendees included policy makers, fintech startups and investors. The meeting addressed cybersecurity, ways to manage small business, ways to help developing nations’ economies, helping consumers and managing big data. Government-Fintech Industry Partnership Needed. Penny Pritzker, Secretary of Commerce, moderated a panel on how....