St. Cloud Area Professionals Launch Cryptocurrency Nonprofit

What started as a group of cryptocurrency enthusiasts getting together for coffee grew into a new central Minnesota nonprofit focused on educating the community and helping connect people with resources to learn more. .

The MN Crypto Council hosted its first event at the St. Cloud Financial Credit Union on Tuesday night. Alex Schoephoerster, an attorney at Moss & Barnett and a board member of the MN Crypto Council, said the group’s immediate focus is to host more events, particularly panel discussions on relevant topics such as mining, NFTs, the legal and regulatory space around to cryptocurrencies. The board solicited topic suggestions from attendees, with Schoephoerster saying they want to hear from others about their interests in crypto and any expertise individuals may have to offer others in the crypto sphere.

“Our goal, really, is to empower them to drive innovation and growth in the community by educating them about what space is (and) applying it to their businesses,” Schoephoerster said.

Moss & Barnett Attorney Alex Schoephoerster speaks as a board member of the new MN Crypto Council on Tuesday, June 14, 2022 at St. Cloud Financial Credit Union.

The nonprofit organization focuses on helping people invest wisely, helping businesses understand how to use cryptocurrencies to build their business models, and making sure government officials understand the world of cryptocurrencies.

“There’s always pushback, and it’s usually people who just don’t get it,” Schoephoerster said, referring to past skepticism regarding cryptocurrencies and, more generally, the advancement of technology in the financial sector. .

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