Congressional Hearings: Blockchain Leaders Share Commentary on Congressional Hearings on Digital Assets.

  As reported earlier today, two U.S. Congressional Hearings on Cryptocurrencies commenced yesterday to debate the future of digital assets and cryptocurrency.  The hearings were live-streamed and viewed by many blockchain and cryptocurrency experts globally.  Guy Hirsch, US Managing Director of eToro, he believes the hearings are a “great step in the right direction.”     A number of Industry leaders have shared their takeout from the hearings:-   Deepak Jain, CEO of Swych said “The banking system has taken a century to barely cover half the world while the…

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eToro on #CryptoCongress: Laws Will Have Global Impact, Regs Need to Hear Global Perspectives

Two U.S. Congressional Hearings on Cryptocurrencies commenced on 18 July, 2018. Firstly, the House Committee on Financial Services held a live congressional hearing which started on 18 July in Washington, D.C. entitled “The Future of Money: Digital Currency”, followed by the House Agriculture Committee.     The House Committee on Financial Services released a memo prior to the hearing stating “This hearing will examine the extent to which the United States government should consider cryptocurrencies as money and the potential domestic and global uses for cryptocurrencies. The Subcommittee will evaluate…

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Cryptocurrencies could become mainstream payment solution within next decade finds new report

  New research from Imperial College London and eToro argues cryptocurrencies are already fulfilling one of three main criteria of money   Cryptocurrencies like Bitcoin offer a viable evolutionary ‘next step’ for money and have the potential to become a mainstream form of payment within the next decade. This is the central finding of new academic research from Imperial and eToro.   In a research report published today – Cryptocurrencies: Overcoming Barriers to Trust and Adoption – Professor William Knottenbelt from Imperial College London and Dr. Zeynep Gurguc from Imperial…

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