01 Sep '13, 12am

Bitcoin Foundation Meets With Regulators: Open Dialogue On Future Of Digital Currency

The Monday meeting included the FBI, IRS, Federal Reserve, Office of the Comptroller of the Currency, Federal Deposit Insurance Corp., Secret Service and Department of Homeland Security. Jon Matonis, the executive director or the Bitcoin Foundation, said the event was packed to capacity, and even held more meeting on Tuesday for government officials that were unable to attend. The focus wasn’t to discuss policy or law enforcement agenda, but was instead intended to educate on the technical side of Bitcoin. The Bitcoin Foundation explained how distribution works through platforms like blockchain, how Bitcoin wallets work, and why transactions are irreversible. “You don’t know what the regulators out there are reading,” Matonis told IBTimes. “You don’t want things on the Internet to be their only source of information.” Related Android Flaw Threatens Bitcoin Wallets Bitcoin ...

Full article: http://www.ibtimes.com/bitcoin-foundation-meets-regulator...

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