Coin Center, the leading non-profit research and advocacy center focused on the public policy issues facing cryptocurrency technologies, has announced that it raised more than $1 million to fund its operations this year.



In addition to its existing supporters including Andreessen Horowitz, BitPay, BitFury, BitGo, Chain, Coinbase, Ledger, OKLink, Ribbit Capital, Union Square Ventures, and Xapo, Coin Center received support from 21, Bitstamp, Blockstream, Digital Currency Group, Gem, Genesis Global Trading, Grayscale Investments, Netki, Onename, Overstock.com, and Virtual Capital Ventures, as well as several private individuals.



“It is incredibly gratifying to know that such an amazing and diverse group has such great confidence in us”, Jerry Brito, Executive Director of Coin Center, said in a blog post.



Coin Center aims to ensure that policymakers understand the workings and implications of cryptocurrency, and that the technology remains free of unnecessary regulation.



“Our work, however, would not be possible without the support of people and firms who care deeply about this technology and what it could mean for the world”, Brito said. “Preserving the freedom to innovate with cryptocurrency technology is something that benefits us all, so it’s also great to see that the effort to do that has a broad and growing base of support—and we hope you can join that effort too.”