The New York Stock Exchange (NYSE), on 19 May announced they would launch a Bitcoin price index the ( NYBTX). Such a major move from the world's largest stock exchange is a big step forward for the mainstream financial sectors growing recognition of Digital Currencies such as Bitcoin.
Staying in New York itBIT has become the first company to get a "Bitcoin Licence" from that state. New York State was one of the first jurisdictions to move on setting up regulations for the Digital Currency industry. itBIT is also a founding member of ACCESS, Singapore's ADCCA counterpart. The two industry bodies have recently entered into a Memorandum of Cooperation along with the UKDCA in our continuing Global Digital Currency Congress initiative.
Closer to home I recently participated in the Cards and Payments Panel conference in Melbourne. Joining me for the talk were Senators Sam Dastyari and Sean Edwards, who both sit on the parliamentary committee that is writing a report on the Australian Digital Currency industry. The event was sponsored by the likes of Visa, Mastercard and Australia Post.
ADCCA will also be participating in the Thomas Reuters 3rd Annual Regulatory Summit tomorrow in Sydney. Other organisations who are involved include the RBA, ASIC, Westpac and UBS.
Lastly, ADCCA is very proud to announce the welcoming of a number of new FinTech companies during the last fortnight, including Independent Reserve, Coin Loft, and Buy A Bitcoin. We also welcomed law firms Holley-Nethercote and Norton Rose Fulbright, as well as AML/CTF & Sanctions Auditing company Aub Chapman Consulting Services Pty Ltd. OYA Financial also is now and ADCCA member.
To join the industry DC and FinTech association, please visit ADCCA here.
As always, we have included the most important news stories from the Digital Currency Universe for your perusal.
Ronald M. Tucker
Chairman ADCCA
Delegate - Bit Trade Australia
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