CFTC chair: we need to respect new generation’s enthusiasm for digital currencies

During Tuesdays Congressional hearing which addressed Bitcoin, the Chairman of the Commodity Futures Trading Commission was directly asked about virtual currencies.

He said he sees Bitcoin primarily as a commodity, a long term store of value, and went on to directly mention the termHODL”. He then said that Bitcoin is also used as a currency, a medium of exchange.

He further said, “We owe it to this new generation, to respect their enthusiasm for digital currencies with a thoughtful and balanced response, not a dismissive one

He also mentioned the Blockchain and distributed ledger technology, specifically that it has a wide range of applications from charities to banking.

Te taata papai: O sara Bauer


Te pou:

Leave a Reply

Your email address will not be published. Required fields are marked *