Bitcoin tipping platform ChangeTip today announced that it is joining the Chamber of Digital Commerce (CDC), a Washington DC based group that advocates digital assets and currencies among the lawmakers.
The San Francisco-based company said in its blog that it is committed towards expanding the benefits of digital currencies among the policy-makers. “Digital currencies are ushering in a new era of innovation,” added ChangeTip’s CEO Nick Sullivan. “We’re proud to be part of the Chamber of Digital Commerce and we’re certain that through their leadership, policy-makers will come to realize and embrace (this dynamic) opportunity.”
The announcement of ChangeTip comes at a time when Bitcoin is under the spotlight of regulators all around the globe. The decentralized digital currency, which has remained under severe criticism for sponsoring and shielding illicit activities, is gradually grabbing eyeballs of some of the leading technology and stock businesses. Its recent inclusion into NYSE and NASDAQ have literally compelled the regulatory bodies to draw out well-balanced standards, something that protect consumers from frauds, and promote innovation alongside as well.
In between all this, CDC acts as an active representative of the entire digital currency community, which currently includes a cross section of exchanges, wallets, payments processors, miners, issuers, software companies, financial institutions and investors. The presence of ChangeTip into this nonprofit simply supports the cause further, ensuring that the voice becomes stronger before the lawmakers.
Other than ChangeTip, CDC’s current membership also includes some of the leading Bitcoin companies. They are: BitGo, Bitfinex, BitFury, Bitnet, MecklerMedia, Mirror, Noble Markets, Overstock, RRE Ventures, and Tally Capital, among others.
The group has recently launched an online membership portal as well, and has invited the entire community to apply for the memberships. ChangeTip, on its blog, has also requested the community to help amplifying the voice for better regulations.