Category Archive: usa

Bitcoin as Money recognized in Florida

Florida Senator wants to regulate bitcoin as money in the U.S.A. state.
Senator Dorothy Hukill, in fact, explained that the draft legislation aims at protecting users and startups.
Earlier this year bitcoin was defined as a property during a criminal case judged in Florida itself.
Now Hukill, Republican senator of Florida and member of the Finance & Tax Committee, commented that legislation details still have to be discussed.
These were her words:
“I think you have to recognize it at some level, so you can legislate and protect your constituents. Then you have to figure out what you recognize it as and how you regulate it.”
While Hukill cannot define an exact date, her office suggested the bill will be submitted to the Florida Senate by the end of 2016.
As the legislative session doesn’t begin until March and with the upcoming elections, bills have to wait until November.
Hukill also explained that she will look for industry stakeholders’ feedback, but that process cannot start if the bill is not well defined.

Bitcoin as Money around the world

California, North Carolina and New Jersey and several other states tried to regulate bitcoin.
“If we can fit it under our current law, where it’s actually money and can be used legitimately so we’re not chasing people away, that’s what we’re looking to do,” explained the senator.
Hukill explained that the bill she proposed is well needed also due to the growing interest in bitcoin, as a few shops in Florida started to accept the digital currency as a method of payment.

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CNBC said Obama needs to embrace Bitcoin soon

According to a CNBC writer President Barack Obama needs to embrace Bitcoin soon.
In fact, some days ago Barth Chilton, former commissioner of the Commodity Futures Trading Commission (CFTC) and senior policy advisor at the global law firm DLA Piper, wrote that the Obama administration should now move on bitcoin and the blockchain.
Chilton explained as the blockchain technology can be a great economic value for the U.S.A. so Obama should heed the call on Bitcoin.
Chilton commented:
“Without some proactive steps, such as a Self-regulatory Organization (SRO) and/or word from on high by the president, the U.S. could lose out on what are potentially enormous economic benefits.”
Chilton worked as a commissioner between 2007 and 2014, and he wrote a book titled “Ponzimonium: How Scam Artists Are Ripping Off America.”
In his article, Chilton explained that Obama should pay attention to Bitcoin because a lack of interest on it could let “U.S. lose out on what are potentially enormous economic benefits”. 

Huge Opportunities

There are 15.5 million bitcoins and the digital currency has a market capitalization of nearly US$7 billion, so Chilton explained how important is embracing bitcoin and digital currencies right now.
“There is a huge opportunity that can be tapped into if US government officials and industry thought-leaders establish an appropriate balance between basic consumer protection regulation and an openness which not only permits, but fosters and promotes, innovation”, he wrote.
Also, Chilton compared what U.S.A. did with Internet to what this country can do with Bitcoin, by saying:
“We did it with the internet — and we need to do it now with virtual currencies like bitcoin”.


Multicurrencies Wallet – Open yours for free

To buy and spend your digital currencies, you may need a wallet where you can store your bitcoin, for example.

On HolyTransaction wallet you can hold several cryptocurrencies including Ethereum, Litecoin, Blackcoin, etc.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Amelia Tomasicchio