The US Treasury Department has announced that next week it will be holding a table discussion between various members of the government, regulators and banking and credit card officials.
The purpose is to hear the concerns of the MSB (money services businesses) community, and discuss the government perspective on financial access.
The Chamber of Digital Commerce is also preparing information and data through a survey on digital currency issues currently being faced by consumers and businesses who are attempting to open accounts.
CDC chair holder Carol Van Cleef commented further on the organization’s goals and what the discussion members will be aiming to accomplish:
“The purpose is to collect some real solid data on what is going on with digital currency companies and to be able to show what’s actually happening in the marketplace… We’re hoping to encourage a more wholesome dialogue about digital currencies in the banking system. We want to work to get banking organizations more comfortable with the concept of digital currencies so that they’re not regarded as being bad actors… We are really at another inflection point in the MSB industry and unfortunately digital currency companies are in the wrong place and at the wrong time, and are getting sucked into what’s going on.”
The CDC is also working towards further implementation of federal statutes to take action against those who commit money-laundering and digital currency fraud.
