Cryptocurrencies Are Now Taught in High School

High School in New Jersey is teaching its students about the blockchain and cryptocurrencies
22 February 2018   208

Cryptocurrencies and the blockchain are now taught in high school and college classrooms. Due to the fact that students were interested in learning more about this industry and crypto, a financial literacy teacher considered adding cryptocurrencies to his Business and Personal Finance class.

Junior and senior students are eligible to take the course on budgeting, credit cards, taxes, investing, entrepreneurship including a section on cryptocurrencies. This section focuses on the history of cryptography and the applications of blockchain technology.

We’re not teaching it in the sense that you have to invest it, we are just giving the facts of it. The blockchain is the key to all of this. That’s the revolutionary piece to it.

According to the students, they want to thank their progressive teachers for introducing valuable things about things that will help us in the future.

Despite the fact that this topic is new to high schools, it’s already popular at universities across the country.

Cryptocurrency to be Regulated in France

French Ministry of the Economy and Finances creates working group to regulate cryptocurrency
22 March 2018   118

Bruno Le Maire, the French Minister of the Economy, announced the government initiative to constitute the instructions and regulations towards cryptocurrency. The group is also aimed to decrease the influence of Bitcoin and altcoins to the formal system of economy with the help of required concept. These measures would help French government to prevent tax avoidance and some other criminal activities (such as money laundering).

In an op-ed that was published in French media this week the Minister of the Economy Bruno Le Maire made a promise not to miss the blockchain revolution. He refined the reasons of the French authorities`decision to regulate the technology. According to his point of view, it is impossible for any consumer or entrepreneur to carry out a transaction, invest, develop in business being in a regulatory vacuum. The Minister also put this position on the top among the rest questions to be discussed at G20 Summit in Buenos Aires. Bruno Le Maire is sure that the role of France is to be a driving force in “building the world of tomorrow”.

The Minister is going to present his case at the G20 Summit in 2018 in Argentina. He hopes that the framework can help in decreasing illegal activity in cryptocurrencies. Le Maire also explained that the sphere of digital funds is extremely attractive for criminals.

The leader of the working group is Deputy Governor of the Central Bank of France Jean-Pierre Landau. The French Central Bank supports the Government and hopes there would be no negative impact and consequences for the traditional economy system.

The key object of cryptocurrency regulation is to limit various negative factors in the financial sphere caused by digital money, such as the price volatility. Le Maire claims that at the same time the regulation of the cryptocurrency can support the development of the technology and can even lead to the economic growth. As blockchain can destroy not only traditional daily practices in banking and financial markets, but also patents and certified acts, the French Minister of Economy urges that the working group should foresee all these changes and become “actors of this revolution”, instead of simple viewers.