Remarks From Under Secretary of Terrorism and Financial Intelligence David S. Cohen 3/18/2014 (The following text is copied from press releases at US Treasury Website.) Good morning. It is a pleasure to join you today to discuss virtual currency. And I…
Tag: Bitcoin
Bitcoin
Bitcoin is a software-based online payment system described by Satoshi Nakamoto in 2008 and introduced as open-source software in 2009. A peer-to-peer client records transactions in a shared, public ledger denominated in its own unit of account, which is also…
Cryptocurrency
A cryptocurrency (or crypto currency) is a medium of exchange using cryptography to secure the transactions and to control the creation of new units. Cryptocurrencies are a subset of alternative currencies or specifically of digital currencies. The first decentralized cryptocurrency…