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Our values drive everything that we do

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Bitcoin explained

What is Bitcoin?

Bitcoin is a peer-to-peer version of electronic cash that allows payments to be sent directly from one party to another without going through a financial institution. The network timestamps transactions by hashing them into an ongoing chain of hash-based proof-of-work, forming a record that cannot be changed without redoing the proof-of-work. – Satoshi Nakamoto

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The Bitcoin Foundation participates in workshops and conferences that assists software engineers and other early adopters to get their hands onto the Blockchain technology underpinning Bitcoin.

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§1241 proposed changes and opposition letter

Wednesday, December 6, 2017|

As many of you are aware, the Foundation has dedicated a large chunk of its resources over the past few months into proposing redrafts of sections of §1241 Combating Money Laundering, Terrorist Financing and Counterfeiting Act of 2017 (US). For those not familiar with the Act, it seeks to define [...]

Urgent request: We need your help to redraft §1241 Combating Money Laundering, Terrorist Financing and Counterfeiting Act of 2017

Thursday, October 26, 2017|

The Bitcoin Foundation opposes the current draft of §1241 Combating Money Laundering, Terrorist Financing and Counterfeiting Act of 2017 as it will have the consequences of creating a high level of regulatory uncertainty for all businesses making use of blockchain and cryptocurrency in their products and services. Our original opposition [...]

Cryptocurrency exchanges may be shut down in China – a statement from the Bitcoin Foundation

Thursday, September 14, 2017|

The price of bitcoin has been under pressure following reports suggesting that the government is looking to outlaw cryptocurrency exchanges in China, following it taking a similar position on cryptocurrency tokens a week earlier.While this news is unfortunate, we believe that it doesn't in any way reflect the underlying utility or [...]

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