ETO: INDUSTRY WILL WORK MORE WITH START-UPS IN BITCOIN

On 20 July, Jason Oxman, Chief Executive Officer of the Electronic Exchange Association (ETA, whose membership includes Visa, Master of Masters, Amazon, PayPal and others, etc.), expressed his opinion that its members were gradually recognizing the transformative value of bitcoin, and that future traditional electronic payment agencies would cooperate more with the start-up business of Bitcoin. According to Oxman, ETA does not favour or exclude any electronic payment technology, and the core of the industry is to meet the transactional needs of merchants and users; in the early years of the Bitcoin Foundation ' s general message, the payment industry was given to confront the commercial value of bitcoin, and there is now cooperation between the members of the association and the Bitcoin payment service providers. At the same time, he referred to the BitLicense regulatory proposal in New York and understood that regulation focused on consumer protection claims, but called on regulators to avoid one-size-fits-all regulations and to conduct in-depth research into bitcoin, block chain operation mechanisms and platform user protection measures。