Telecoms, Media & Technology is part of the Knowledge and Networking Division of Informa PLC Informa PLC About us Investor relations Talent This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG.Registered in England and Wales.Profile Bruce Fenton is an investor, consultant and advisor in the blockchain industry, founder of the Bitcoin Association and is the organizer of the Dubai Bitcoin Conference and the Satoshi Roundtable retreat.Bruce is also a member of the Board of Directors and former Executive Director of the Bitcoin Foundation, the largest and oldest Bitcoin non-profit group.The Bitcoin Foundation focuses on advocacy, education and helping core development and has over 20 global chapters.He was the founder of Atlantic Financial which, in 1994, became the first full-service investment firm to use the Internet.Prior to Atlantic Financial, Bruce was with Morgan Stanley and specialized in emerging technologies and emerging markets.

He is currently focused on emerging markets, economic, Bitcoin and tech consulting.bitcoin agent in malaysiaBruce has completed over $4.5 billion in transactions and served as a consultant to large investment funds, a top tier private equity firm, high net worth individuals and families.bitcoin in tampaBruce served as an advisor to one of the world’s largest charitable organizations for Gulf engagement.ethereum value riseBruce travels extensively and has lived in the US, the Middle East and Asia.bitcoin hash minerHe is has spoken at Inside Bitcoins, Coin Congress, the Isle of Man Bitcoin Conference, the Texas Bitcoin Conference, MIT Enterprise Forum, Tony Robbins Wealth Mastery, the Global Competitiveness Forum Saudi Arabia and other major events and has been interviewed by the Wall St. Journal, CNBC, Investor’s Business Daily and others.bitcoin capital gains canada

Bruce Fenton's Network Agenda Sessions What is Blockchain and Cryptocurrency?bitcoin backingBlockchain for Enterprises Oct 17, 8:50 am View Session Blockchain Roundtable Discussions – Q&A / Workshop Hosted by the Blockchain Speakers and Companies Oct 17, 4:10 pm View Session Panel: Bringing AI to Blockchain Oct 18, 12 pm View Sessionbitcoin scams in malaysiaBitcoin, which appeared on the world stage in 2008, is a multi-faceted phenomenon: it is a technology, a currency, an investment vehicle and it has created a community of users.giá bitcoin giảm mạnhAnd, like many fintech (financial technology) innovations over the last decade, the Bitcoin digital currency has provided a disruptive alternative to traditional currency-based financial methods and institutions.bitcoin wallet france

In a nutshell, Bitcoin is a peer-to-peer system for online payments & transactions that does not require a trusted central authority such as PayPal, banks, credit card companies, etc.The various elements that, together, comprise the Bitcoin protocol are [1] [2] [3]: These checks and balances make it virtually impossible for anyone to manipulate the Bitcoin system.Bitcoin can either be used to buy things online from a growing list of merchants and organizations that accept Bitcoin, or it can be cashed through an exchange, broker, or direct buyer.[3]From the outset, a built-in limit of 21 million Bitcoins was established and as of early January 2017, about 16 million Bitcoins were in circulation.As shown in the graph below (based on two of the major Bitcoin online exchanges), the Bitcoin price has more than doubled from $394 on January 27, 2016 to $896 on January 25, 2017.When the price peaked in early January at around $1,130, the Bitcoin market cap was $17.56 billion.As can be expected, other crypto-currencies have been launched to compete with Bitcoin.

Key players, however, predict that as long as Bitcoin continues to remain a robust, dynamic open software platform, it will likely remain the leader since the cost of migrating miners to other competing technologies would be very high.[5]Because Bitcoin transactions are done using public keys, the identities of the buyers and sellers are unknown to each other and to the public.In addition, Bitcoin transactions cut out middlemen like banks or clearinghouses.Although this significantly reduces the cost, duration and complexity of global transfers, these same middlemen also play an important regulatory role in preventing illicit activities such as money laundering and tax evasion.[3]Given the fact that Bitcoin (and other crypto-currencies) are here to stay and given Bitcoin’s inherently unregulated and pseudonymous nature, regulators and law enforcement officials are seeking innovative ways to reduce the risk of abuse.Thus, for example, last week (16-18 January 2017) 400 participants from law enforcement agencies and private industries from 60 countries gathered in Qatar for the Digital Currencies & Money Laundering conferenced hosted by INTERPOL.

As noted by Tim Morris, INTERPOL’s director of Police Service “Digital currencies are not constrained by national regulations or borders, therefore cooperation in fighting against criminal uses of digital currencies must also transcend borders and integrate solutions from both law enforcement and private sector.”[6] In October 2015, the European Union took the important step of harmonizing the tax treatment of Bitcoin transactions, since Bitcoin was considered digital money in some countries and a commodity in others.And earlier this month, the European Parliament proposed a directive that would require crypto-currency exchanges and wallets to identify suspicious activity as part of the general directive on preventing money laundering and terrorist financing.[7]A first regulatory response in the US was New York’s BitLicense that was adopted in June 2015.BitLicense aims to regulate virtual currencies by regulating the Bitcoin commercial operators as if they were regular financial operators or money transmitters – requiring them to comply with anti-money laundering, know-your-customer, and other money transmission laws and regulations.

Recently Coinbase, a prominent digital asset exchange company, was served a subpoena by the IRS to disclose records on all its US customers.Coinbase’s response is that seeking transaction information on so many customers only because they use virtual currency is a violation of their privacy.If the IRS were to approach PayPal, Fidelity or Citibank with such a request, those companies would rightfully object.At the same time, however, Coinbase is fully and publicly committed to complying with tax reporting requirements and has suggested solutions such as issuing an annual summary of digital asset trading gains and losses rather than extensive transaction records.The ongoing challenge will be to figure out how to regulate Bitcoin in a way that does not impinge upon the benefits that blockchain technologies provide in terms of efficiency, transparency, accountability and consumer protection.[2] How does Bitcoin work?[3] Rebecca Grant, Bitcoin for Idiots, Venture Beat, February 17, 2014 [4] Samburaj Das, Bitcoin’s Market Cap Crosses $17.5 Billion, January 4, 2017 [5] Javier Hasse, 2017: The State of Cryptocurrencies (Part 2), Benzinga, January 24, 2017 [6] Samburaj Das, INTERPOL Hosts Digital Currencies & Money Laundering Conference in Qatar, 20/01/2017 [7] Lester Coleman, BBVA Economist: Legal Framework Needed for Blockchain Technology, January 15, 2017 [8] Primavera De Filippi, We Must Regulate Bitcoin.