From: Bitcoinist.net
BitFury’s work in both Bitcoin transaction processing (mining) and growing venture capital funding has also come with the growth of the company’s leadership team. Their latest addition is Jason Weinstein Former US Deputy Asst Attorney General. BitFury recently hired Young Sohn, Samsung Electronics, president and chief strategy officer; he also took a position on their strategic advisory board.
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Now that they have Weinstein on board this gives them someone who can help them navigate the changing regulatory and security landscape. The regulatory issues facing Bitcoin and other Cryptocurrencies are in flux right now, as you can see. NYS with the BitLicense proposal, Texas’s step back and watch approach, the IRS with their guidelines and so many other state regulations either in place or proposed. Weinstein should be able to help facilitate the discussion in these places as well as clarify security concerns. While The Chamber of Digital Commerce is also in place Washington working to help effect change, BitFury’s exploration of also opening an office in Washington is a good thing. The more people we can educate and work with to bring Bitcoin to the world the better. That means working to educate lawmakers so onerous laws do not go into effect that could stifle innovation and growth in this new technology. We will be watching BitFury’s steps closely as they continue to grow and branch out into other areas in support of Bitcoin and the blockchain beyond ASICs.
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