{"id":460617,"date":"2021-04-06T20:00:17","date_gmt":"2021-04-06T20:00:17","guid":{"rendered":"https:\/\/uniquehot.com\/?p=460617"},"modified":"2021-04-06T19:08:19","modified_gmt":"2021-04-06T19:08:19","slug":"how-coinbase-square-and-fidelity-will-support-bitcoin","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/how-coinbase-square-and-fidelity-will-support-bitcoin\/","title":{"rendered":"How Coinbase, Square and Fidelity will support Bitcoin"},"content":{"rendered":"

To contribute to Bitcoin and crypto regulation<\/a>, 4 prominent partners have formed the Crypto Council for Innovation (CCI). Created by investment firm Paradigm, crypto exchange Coinbase, payment processor Square, and investment firm Fidelity Digital Assets.<\/p>\n

The initiative aims to lobby on behalf of the cryptocurrency industry, conduct research, and promulgate the benefits of this asset class as well as its underlying technology to society. In a post via its Twitter handle, the Crypto Council for Innovation claimed:<\/p>\n

We’ll provide useful information – and dispel misinformation – for policymakers, regulators, and citizens around the world. We all want the same thing from technology: to create better lives for human beings. The road to making that happen is paved with high quality information.<\/p><\/blockquote>\n
Initially, the organization will focus on 3 key areas, singled out for their potential to “transform lives and the livelihoods” of people for the better. First, the Crypto Council for Innovation will seek to contribute towards strengthening the economy and creating more jobs.<\/p>\n
In addition, the initiative aims to create a more “accessible and inclusive” financial system. Finally, the organization will seek to enhance privacy and security for all individuals.<\/p>\n
On its website, the ICC states that the scope of its cooperation is global. Among other tasks, the organization said they will share data on cryptocurrencies to counter “misinformation”.<\/p>\n
In parallel, they will seek the support of governments and institutions around the world to “encourage responsible crypto regulation”. In a subsequent post, CCI stated<\/a>:<\/p>\n
This potential, like crypto itself, transcends borders. There’s no state too rich, region too poor, village too remote to benefit from crypto. That is why our scope is global. Wherever you are, our doors are open. Join us to unlock the promise of crypto!<\/p><\/blockquote>\n
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Announcing CCI #bitcoin<\/a> https:\/\/t.co\/cT3AQf0op7<\/a><\/p>\n
— jack (@jack) April 6, 2021<\/a><\/p><\/blockquote>\n