Posted by & filed under Professional.

Barry-Silbert

The launch of the Digital Currency Council (DCC) is an exciting and timely step for everyone involved in, and everyone who will become involved in, the digital currency economy. Similar standards-based professional organizations have been critical to the functioning of our traditional economy, and there is little doubt that the DCC will play an equally important role in the emerging digital currency economy.
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Posted by & filed under Finance.

Lew-Koflowitz-2

Despite the recent turmoil in the Bitcoin market, some financial advisors see a positive future for digital currencies as an alternative investment component in their clients’ asset allocations.

Bitcoins tumbled dramatically following the bankruptcy, in February, of the Mt. Gox exchange of Japan, one of the largest bitcoin exchanges in the world at the time. From a high of $979 last November, the price of bitcoins fell to a low of $456 in April, but has since turned upward, with a September 1st reading of $480, based on data from coindesk.com. The currency remains volatile, however.
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Posted by & filed under Legal.

Richard Lyons

As the awareness and popularity of digital currency advances there are a number of barriers emerging, which in the short term may limit how and where Bitcoin may be used. While the understanding of digital currency is increasing, many of these hurdles relate to public acceptance, perceived security and legal remedies for Bitcoin transactions.

Bitcoin’s very simplicity and lack of need for third party involvement in the transaction is now the main source of resistance by both financial and governmental agencies. Of course these concerns are expressed in the interest of protecting the public in this new decentralized currency. However, it seems some regulations are designed to primarily preserve the governmental role in all types of currencies and financial transactions.
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Posted by & filed under Finance.

Richa Jain

Bitcoins are a relatively new form of digital currency that may herald a drastic overhaul of the world’s financial ecosystem. It is stored electronically and can be bought and traded online. Because bitcoins are traded solely online, there is a drastic reduction in transaction costs compared to traditional currencies. The encryption and the heavily distributed, open source nature of the Bitcoin system offer a high degree of security. Combined, these characteristics make Bitcoin a seriously disruptive financial instrument.
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Posted by & filed under Professional.

dberger002

Dear Digital Currency Professionals,

Thank you for stopping by the Digital Currency Council.

Over recent years, I have spoken with countless professionals about digital currencies.

My counterparts in these conversations expressed curiosity about, a limited understanding of, and guarded optimism toward digital currencies. Today, with the launch of the Digital Currency Council, these professionals have a place to quench their interest, accelerate their knowledge, and capture the opportunity that is presenting itself in the rapidly emerging ecosystem.

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