UK Government Calling for Information on Digital Currencies
UK's HM Treasury invites views and evidence on the risks and benefits of digital currencies in a Call for Information. UK's economic and finance ministry, the HM Treasury, announced on November 3, it was holding a public Call for Information on digital currencies. The organization will be gathering views and opinions on the advantages and the risks involved in dealing with digital currencies, in order to decide "whether [the government] should take action to support innovation in this area," while "examining the risks presented by digital currencies, and assessing whether action is....
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The BBA, the leading group representing the UK's biggest banks, has issued a response to the government's 'Call for Information' on digital currencies. The request, issued in November last year, set out to provide the government with the necessary information to fully understand digital currencies. The document consisted of 13 questions, ranging from the potential benefits of digital currencies, through to government involvement and new services facilitated by blockchain technology. The request remained open for a month to allow individuals, businesses and other organisations to submit....
In March, after receiving more than 120 replies to a call for information on digital currencies, the U. K. government released a Treasury document titled "Digital Currencies: Response to the Call for Information," which summarizes the submissions received and outlines the government's views and proposed next steps. In particular, the government is launching a £10 million (U. S. $14.6 million) research initiative on digital currencies. One of the replies to the U. K. government call for information came from the global bank Citi. The bank is persuaded that digital money adoption is....
UK Government Funds Research in Digital Fintech and Promotes Firm Regulations. In November, the U. K. government launched a call for information on digital currencies, with a focus on their function as a payment method rather than as a speculative investment. After receiving more than 120 responses, the government released a Treasury document titled "Digital Currencies: Response to the Call for Information," which summarizes the submissions received and outlines the government's views and proposed next steps: The government intends to apply anti-money laundering regulation to digital....
The UK Treasury has issued a 'Call for Information' on digital currencies in order to weigh the risks and benefits offered by the new technology. The request is intended to provide the government with the information necessary to fully understand digital currencies, as well as to solicit feedback and opinion from all interested parties. The Call for Information will be open for one month to allow individuals, businesses and other organisations to submit their comments on a wide range of issues. The document asks 13 questions, ranging from basic information on the potential benefits of....
The rumors have been flying that the UK Treasury is looking into digital currencies and how to create some form of legal net for these currencies. The UK Treasury is asking for information on new digital currencies from the public, law enforcement agencies and financial regulators. However, most of these people do not know what digital currencies are. That is why the UK government is giving the hand of friendship toward the Bitcoin community ( kind of). According to our information, the UK Treasury will be looking at examples of regulation in other countries, but will make up their own....