Bitcoin News Mash-Up: Bitcoin for President; Australian Bank Statement; and More

0
165

Bitcoin News Mash-Up

Following are the major Bitcoin news of the day

Bitcoin Becomes Part of US Presidential Campaign

The popularity of Bitcoin went further high when the nominee of the next US Presidential election, Mr. Rand Paul, decided to accept it as donations. Despite his earlier stands on the digital currency, that were somewhat diplomatic than favoring, Paul managed to squeeze inside the Bitcoin rave in a hope to attract a thousands of FinTech supporters. You can read the full report here.

Australian Central Bank Does Not Want to Regulate Digital Currencies

The Reserve Bank of Australia recently published a notice in which it said that it is not in favor of the regulation of Bitcoin and other digital currencies. In its opinion, the cost of implementing such regulation would be greater than the potential benefit that is expected out of it. The RBA cited lower adoption level of Bitcoin as one of the reason it cannot be taken seriously at this point of time, but also signified the need for law authorities to monitor it for its potential use in tax evasions, terrorism and drug trafficking. You can read the full report here.

Another Wall Street Wallah Joins Bitcoin Company

In his own words, joining a Bitcoin company was a homecoming. Such was the enthusiasm of a former Morgan Stanley official and the owner of a successful Bitcoin wallet company, Mr. Jacob Dienelt, when he joined blockchain-based database management firm Factom as the head treasury. Like Dienetly, many Wall Street veterans, including like likes of former JP Morgan NYSE officials, have earlier joined some celebrated Bitcoin firms. It perfectly illustrates the diminishing distance between the traditional and the next-generation payment markets. You can read the full report here.