RATE Group | Square makes donation to speed up sensible Bitcoin regulations
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Square makes donation to speed up sensible Bitcoin regulations

14 Dec Square makes donation to speed up sensible Bitcoin regulations

Posted at 06:05h in Bitcoin News by

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Payments firm Square has donated an undisclosed sum to cryptocurrency-focused non-profit research company Coin Center, according to a tweet by Square Crypto—its bitcoin-focused subsidiary. Coin Center refused to discuss details but told Decrypt the donation was made in the last month.

“[Shoutout] to our dad (Square) for giving a bunch of money to Coin Center, a move we obviously support. Coin Center is the #1 crypto policy advocate in DC. Their mission is to educate lawmakers about what bitcoin and crypto are so that they can be governed responsibly,” Square said in a since-deleted tweet.

Square is owned by Twitter CEO Jack Dorsey, who has been an increasingly vocal supporter of Bitcoin over the last year. He has invested in Lightning Labs, which is building Lightning—a second-layer scaling solution for the Bitcoin network. He set up Square Crypto to help develop the Bitcoin network while building products that make use of it. Recently, Dorsey tweeted that he wants to create a…

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