Gsbt

Executive Brief The US regulation of digital currencies is out of date, impractical, and damaging to a potentially lucrative economy. The lack of unity in state regulations has created an unworkable system that makes the operations of Fintech (Financial Technology) companies complicated and confusing. A unified and clear regulatory policy would clear these muddy waters and benefit the digital currency industry, and have a positive impact on the American economy as a whole. Read the full story below.  The US Once Led the Bitcoin Revolution Every country is feeling their way through this relatively new digital currency, but America was initially proactive in the digital currency industry. For example, the US Senate was the first to conduct hearings on Bitcoin in 2013. The IRS was the first to release information on taxes in relation to Bitcoin, and FINCEN (Financial Crimes Enforcement Network) was the first crime agency to make any reference to the digital curren...

US Ambassador to the United Nations Nikki Haley (R) and UN Secretary-General Antonio Guterres at UN headquarters in New York City on January 27, 2017 (Photo by Reuters) The United Nations Security Council has announced an emergency meeting to discuss North Korea’s recent launch of a nuclear-capable ballistic missile. The United States, Japan, and South Korea on Sunday requested the meeting on an “urgent basis.” North Korea launched the missile near the western city of Kusong on Sunday. It flew east about 500 kilometers before falling into the Sea of Japan, according to South Korea’s Defense Ministry. North Korea’s official Korean Central News Agency (KCNA) later on Monday confirmed that Pyongyang had “successfully” tested a “surface-to-surface medium long-range ballistic missile.” The North’s leader, Kim Jong-un, “expressed great satisfaction over the possession of another powerful nuclear attack means, which adds t...