US House Committee Hosts “The Future of Money: Digital Currency” Event July 18 on Capital Hill

2018-7-13 21:47

US Congress to Discuss the Future of Digital Currencies

The subject of digital currencies is certainly a matter of concern to many people, despite its contentiousness. So serious is this topic that the US Congress has severally discussed it during its sessions. Next week, the House of Representatives will further deliberate on digital currencies, the Financial Services Committee confirmed. Precisely, the legislators will evaluate the future of cryptocurrencies.

However, the committee is yet to publicize the list of members who will contribute to the motion. As mentioned earlier, the committee has discussed cryptocurrencies on multiple occasions. However, this will be the first time the Congress will debate on future of digital coins, having previously talked about fraud and financing of illicit activities using cryptocurrencies.

The timing of this decision is impeccable, given that there is an ongoing interest in the possibility of integrating cryptocurrencies into the conventional monetary system. Earlier this years, the Bank of International Settlements, which is widely regarded as the ultimate central bank, claimed that digital currencies supported by central banks can facilitate seamless operation of banking institutions during periods of financial crisis. Besides the US, other countries that are considering this option include Finland, Canada and South Korea.

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digital currencies congress house future severally discussed

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digital currencies → Результатов: 126


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Central Bank Digital Currency Called The ‘Worst Financial Idea In Recent Times’

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Florida Could Now Have a Cryptocurrency Chief for Regulatory Oversight

Chief Financial Officer (CFO) of Florida, Jimmy Patronis, announced the creation of a new position in the state called cryptocurrency chief on Tuesday, June 26. The new designee will help develop a regulatory framework in the state for cryptocurrencies and look into the current insurance and securities laws and their application on digital currencies and Initial […] Florida Could Now Have a Cryptocurrency Chief for Regulatory Oversight was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

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