MIT Media Lab Announces Launch of MIT Digital Currency Initiative, Headed by Former White House Senior Adviser

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A few days ago Bitcoin Magazine reported that Joi Ito, director of the prestigiousMassachusetts Institute of Technology (MIT) Media Lab, was about to unveil a plan for the institute to become what he called an independent, neutral home to help with Bitcoin standards development. “I think within a couple of weeks we’ll be announcing something which will be a little bit more substantive,” said Ito. “And I’m not pushing it, but I’m offering MIT as a neutral academic home for some of the conversations and the technical coordination.” MIT has now formally announced the launch of a Digital Currency Initiative, to be directed by former White House senior adviser for mobile and data innovation Brian Forde, who joined the MIT Media Lab as director of digital currency. Forde will work with researchers across the institute and leading experts at other universities around the world to address some of the most critical challenges to creating a safe, stable and secure digital currency. “As a technologist, there’s no more exciting place to work than the MIT Media Lab,” said Forde. “The innovations that come out of the Media Lab have made a truly global impact. I look forward to working with the …