As a growing number of businesses and consumers turn toward digital currencies, they are getting more attention from the United States Consumer Financial Protection Bureau (CFPB). In a recent report by the Government Accountability Office, it was proposed that the bureau needed to take on a more active role in developing policies for digital currencies. […]
Will the bitcoin revolution create competing currencies?
The bitcoin revolution may have set in motion a chain of events that will eventually lead to the introduction of many private currencies in the years to come, according to a new report from a leading economic think-tank. The Institute of Economic Affairs (IEA) is speculating in a report entitled “New Private Monies, A Bit-Part […]
Localities adopting virtual currencies amid dollar collapse, economic downturn
The future outlook for cryptocurrencies is looking very bullish. More and more localities are now creating their own cryptocurrencies to spur local economic growth and to avoid the inevitable collapse of the United States dollar. The cryptocurrency era started with the advent of bitcoin and while its value and performance was met with significant skepticism […]