Several studies show that cooperative organizations empower women in the developing world, especially in farming, textiles and crafts. While the structure of a co-op can bring women together, they often face significant legal and cultural barriers preventing them from exercising independent control of the co-op’s finances. Bitcoin’s multi-signature capability could increase economic inclusion for women, offer financial independence and distributed control over a co-op’s funds. Bitcoin essentially allows women to co-own as much as co-op.
I am pretty sure when you think about Afghanistan, your first thought is not the beautiful Hindu Kush mountain or the wavy Amu River that come to your mind. Instead, it is a war zone with a lot of destruction. As an Afghan refuge born in Iran, I grew up with many ups and downs and from Iran, heard the news of many conflicts happening in Afghanistan for decades. After the Taliban regime collapsed in 2002, we moved to Afghanistan. It was a bittersweet experience to see my motherland. On the way home, from Iran boarder to Herat the road was unpaved and very difficult to drive on. We got close to the city when it was getting dark. I could barely see and lights, and instead, old lanterns hung outside of shops and while only a few places had electricity for night.
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What is up with the hype around the Bitcoin currency? Digital money? Instant transfers? For myself, Bitcoin is a social, political and economic Game Changer, specifically for women around the world. My name is Elizabeth Ploshay. I serve on the Bitcoin Foundation Board of Directors and additionally handle non profit outreach for BitPay. I also recently joined the Board of Directors for Code to Inspire, an organization focusing on digital literacy for girls in Afghanistan.
On February 27, Matt Dababneh of the California state legislature introduced a bill to expand the state’s money transmission laws to include digital currency businesses. This may be the second domino to fall as state regulators nationwide are waking up to the industry’s growing usefulness and participant base.
Bitcoin tax and accounting was a hot topic at this week’s All Payments Expo in Las Vegas, with discussions led by Chris Gerke of PwC, Jake Benson of LibraServices, and Ryan Lazanis of Xen Accounting. These leading professionals brought clarity to a set of complex issues for Bitcoin holders and their advisors.
In support of the same mission, this past week the Digital Currency Council (DCC) launched a new free accounting course on Udemy. More than 300 people have already taken the course. The hour-long session provides the basics of what accounting professionals need to know to help their clients with Bitcoin this year.
In Part 1 of this series, I discussed the purpose of the BitLicense regulation and the scope of the requirement to obtain a BitLicense. In Part 2, I outlined most of the major obligations a BitLicense imposes on the Licensee. In this third and final article of this series, I will discuss the requirement to report any material change to a licensed business’ services, the application cost and process, and provide concluding remarks on this regulatory framework.
In today’s TBI blog post, Ryan Selkis writes on the anniversary of Mt. Gox’s demise. Selkis was responsible for breaking the story and this helped position his blog as the go-to source for breaking news and information on Bitcoin scandals.
He wrote at the time that the Gox debacle “will be catastrophic for Bitcoin, both as a currency and as a fledgling industry.
As part of the Digital Currency Council’s Continuing Education partnership with Inside Bitcoins, the DCC’s Director of Curriculum, Dan McArdle, has had the opportunity to interview the thought leaders that will be speaking at Inside Bitcoins Berlin on March 5-6. Today, we share insights from Joey Krug. Joey is the lead developer at Augur, an open-source, decentralized, prediction market platform.
As part of the Digital Currency Council’s Continuing Education partnership with Inside Bitcoins, the DCC’s Director of Curriculum, Dan McArdle, has had the opportunity to interview the thought leaders that will be speaking at Inside Bitcoins Berlin on March 5-6. Today, we share insights from Lutz Auffenberg of Winheller Attorneys at Law and Tax Advisors. Lutz is a banking and finance lawyer and deals with questions regarding regulations and required licenses for financial service providers.