A proof-of-concept testnet conducted last week shows how the partnership’s with the state agency can succeed, according to Smith. “The administration out there is actually very forward thinking and we should have systems in production this first quarter,” he said. Production, he explained, means “a shadow ledger, which will be our first step in the path to full deployment.” The ledger would essentially reflect California’s current driver database. Author: Fran Velasquez Source link
Author: Fran Velasquez
CFTC’s Regulation by Enforcement Needs to Change, Commissioner Says
Commodity Futures Trading Commissioner Summer K. Mersinger, joined CoinDesk TV’s “First Mover,” to discuss the implications of enforcement by regulation and why it could be setting a “dangerous” precedent. Author: Fran Velasquez Source link
El Salvador’s Bitcoin Experience ‘Doesn’t Hurt My Company at All’
He added, “Someone asked my help in conjunction with my opinion on bitcoin. I’ve been in this industry for close to 10 years and I’ve helped people that are 10 years old and I’ve helped governments, and I will continue to do it when I think it is in the best interest of the morals and principles that I was raised by.” Author: Fran Velasquez Source link
‘There Are No Safe Havens' When the Dollar Is Strong, Veteran Trader Says
The U.S. dollar is soaking up global liquidity, so “everything else is starved,” Glen Goodman, a longtime trader and author, said on CoinDesk TV’s “First Mover.” Author: Fran Velasquez Source link
Ukrainian Deputy Minister Reiterates Call for Crypto Exchanges to Block Russian Users
Last year, the Ukrainian government launched concerted efforts to attract a local crypto industry that was part of a push to further digitize the economy. In September, the Parliament passed a law legalizing and regulating bitcoin. The country has low taxes, crypto-friendly regulations and a highly educated and young workforce. Author: Fran Velasquez Source link
At Least $14M Out of $26M in Donated Crypto to Ukraine Already Disbursed
Pragmatically speaking, crypto has worked to fill a gap – like in quickly raising funds for Ukrainians. And it works because it’s fast, and in some respects, better than the alternative. “If you want to send money to Ukraine, to any government body, you have to do it via SWIFT, and SWIFT takes time. It’s not instant,” he said. Author: Fran Velasquez Source link