2 results for tag: Digital Currency
The White House Wants to Regulate Crypto
Last Friday (09.16.22) the Biden administration presented a framework for regulating cryptocurrencies and other digital assets. This action denotes the first time the executive branch has taken a position focused expressly on Crypto Crime.
The White House believes that American financial guard dogs should do more to reduce fraud and abuse in crypto trading as the US creeps ahead with plans for the asset class.
The Biden organization approached the Protections and Trade Commission and other regulators to “aggressively pursue investigations and enforcement actions against unlawful practices.” The proposal is part of a new White House report ...
Tapping Into the Digital Currency Revolution: Why Business Needs to be Bitcoin Friendly
Transacting in blockchain backed currencies like Bitcoin or Ethereum is becoming increasingly common. Over 300,000 daily transactions are occurring using Bitcoin. Add to these numbers other alternative blockchain currencies and that leads to over 500,000 unique transactions per day and rising. Another way to look at this is 6 transactions a second.
Malls now have Bitcoin ATM machines where people can purchase and exchange Bitcoins for other paper currencies or other paper currencies into Bitcoins.
The digital generation (under the age of 30) account for 65% of bitcoin users (and growing) while the GenX (up to 40) account for another 25% of ...