Digital Currency – what does it mean for the future of payments?

November 18, 2014 – ETA, in partnership with ETA member Circle, today hosted a Digital Currency Day in Washington, D.C. which featured in-depth discussions surrounding the new frontier of payments. 

Digital currency innovators were joined by state and federal regulators from the Board of Governors of the Federal Reserve System, the Treasury Department’s Financial Crimes Enforcement Network (FinCEN), and the Consumer Financial Protection Bureau in addressing a full room of industry professionals and government officials.

Panelists shared insights on the current and future landscape of digital currency, explored the current regulatory framework, and addressed how digital currency companies address fraud and other risks that may impact businesses and consumers.

In his remarks, ETA CEO Jason Oxman noted that several digital currency companies, including Circle, BitPay, and Coinbase, have joined ETA.  He continued, “More than ever, our industry needs to be prepared to greet the rapidly changing technology and regulatory landscape. With innovation and acceptance comes new exposure to regulation, and ETA is the source of information and education about the changing landscape of payments.”

Digital Currency Day is the most recent in a series of policy days aimed at engaging ETA’s expanding membership. Together with June’s International Payments Day, the recent Mobile Payments Day, and last week’s Silicon Valley Day, today’s Digital Currency Day was another informative example of ETA working to connect opinion leaders on the issues that matter to payments professionals.