Wednesday, March 18, 2015

Wired: Budget 2015: UK to regulate cryptocurrencies by Katie Collins


The government has announced its intention to apply anti-money laundering regulation to digital currency exchanges in the UK. It is hoped that regulation will not only prevent criminal use of digital currencies, such as Bitcoin, but support innovation.

Regulation would be intended to ensure the environment was ready to allow digital currencies to flourish, while at the same time discouraging those who wanted to use digital currencies for illicit reasons.

 

By: Katie Collins,

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