Wall Street Bitcoin Alliance to promote bitcoin

The Wall Street Bitcoin Alliance (WSBA) is a new organisation that aims to promote bitcoin and blockchain technology in the financial markets. The alliance plans to lobby government authorities and regulators for regulation, innovation and the way digital currencies are taxed.

"Bitcoin and blockchain technology and protocols represent a seismic shift in how financial markets, and all aspects of the global economy, will operate in the future." Ron Quaranta, executive director of WSBA, said. "We believe that the long-term result will be more efficient markets, more cost-effective solutions for equity ownership, investing and trading, and ultimately greater value and wealth creation for all participants in the world of finance and trading."

The announcement comes at a time when more and more organisations are taking measures to bridge the gap between Wall Street and the cryptocurrency ecosystem.