Britain and the US Compete to Foster New Payment Systems, Bitcoin

Britain and the US Compete to Foster New Payment Systems, Bitcoin

New regulation to be enacted in the UK could see Bitcoin exchanges and related services enjoy access to faster payments and considerably increase liquidity as the United States is also considering similar incentives in an attempt to foster emerging payment systems. Legislation published by the Payment Systems Regulator (PSR) requires that “pan GB operators” who are not already subject to specific access requirements to have “objective, risk based and publicly disclosed Access Requirements, which permit fair and open access.” Access to payment systems has been an issue, which has long....


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