In Washington DC, a lobby group for crypto-currencies and Blockchain was founded. The group, the representative from the Blockchain-companies like Coinbase, Circle, and friends United would like to advise especially the legislator and the regulatory authorities. An important step for the adaptation of Bitcoin and the Blockchain technology.
Bitcoin, Blockchain and regulation have not found yet. The best example of this is the EU. Here, it is now agreed that a regulation at European level makes sense. A solution is not as fast yet in sight. Although it recognizes ICOs and crypto-currencies in the meantime, as growth markets, but must advise you, apparently, for a while. In order to speed up such processes and to support governments to regulate more sensibly, might soon help from the United States.
Because there are now a lobby group for Bitcoin, the Blockchain and the whole Ecosystem. As the Washington Post reported, belong to the grouping companies such as Coinbase and Circle, as well as the Start-up Protocol Labs. In addition, investors and Digital-Currency Group and Polychain Capital are part of the game.
As reported by the Washington Post, the Blockchain Association, to be in the future, the leading lobbying organization of the crypto-currency industry in Washington for political issues. You also want to represent yourself as a voice for Mainstream businesses that want to work within the political system, instead of around it.
Priority: Bitcoin & co. law compliant
To be among the first priorities for the treatment of crypto-currencies under US tax law, and the explanation of the application of Anti-money laundering and Know-Your-Customer regulations on the industry:
“The Blockchain Association is an attempt to bring together the outstanding companies in the space, so you know that they […] welcome the regulation, if it is appropriate”,
Mike Lempres, Chief Legal and Risk Officer of Coinbase told the newspaper.
“We are not a company that want to circumvent the System, but try to develop a legal and regulatory system that stands the test of time.”