US Congressman calls for stronger digital currency standards – EconoTimes

Banning digital currencies such as bitcoin would not help in preventing financing of terrorism activities, a Republican member of the US House of Representatives said last week, CoinDesk reported.

Speaking during a floor debate on the 2018 National Defense Authorization Act, Congressman Dana Rohrabacher said while digital currencies could potentially benefit society by offering new ways of fighting inflation and handling personal business obligations, they also pose a number of threats.

“Indeed, the security of the blockchain technology will enable a new wave of societal advances that should invigorate our markets and improve lives”, Rohrabacher said, according to the transcript. “However with that potential benefit of digital currency, there is also danger.”

More at: US Congressman calls for stronger digital currency standards – EconoTimes

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