So Just Who has the UK Government handed the Digital Currency Research Too
After the release of the United Kingdom’s Budget for the coming year and the announcement through a twenty eight page document of where Her Majesties Treasury is heading in regards to digital currencies. Just who are some of the groups appointed to do the research? The Alan Turing Institute was first announced in the previous budget of 2014 by George Osborne. At the time he said it would receive £42 million of government funding over a period of five years. The new institute will be for supporting research methods of collecting, analysing and organising Big Data, as well as more general....
Related News
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 British government is considering disbursing research grants using bitcoin or some other blockchain-based currency, according to Matthew Hancock, the Minister of the Cabinet Office and Paymaster General. In a speech at Digital Catapult, a government-funded think tank., Hancock said the Cabinet Office has begun exploring ways to use blockchains with a particular interest in how it could be used in the disbursal of government research grants. “Monitoring and controlling the use of grants is incredibly complex. A blockchain, accessible to all the parties involved, might be a better way of....
HM Treasury, the U. K. government's economic and finance ministry, intends to apply anti-money laundering regulation to digital currency exchanges in the U. K. as part of a plan to promote the legitimate use of digital currency. The goal, according to a newly-released 28-page document, is to support innovation and prevent criminal use. The new document comes in response to a public call for input published in November on developing digital currency regulations. That call generated 120 responses from digital currency developers, businesses providing digital currency related services, banks,....
The University of Maryland, Cornell, and the University of California Berkeley will be conducting cryptocurrency research backed by $3 million in funding from the National Science Foundation, a US government agency that supports and funds scientific research. According to principal investigator Elaine Shi, the universities will be focused on developing new cryptocurrency systems that can address "pain points" in bitcoin and other digital currency networks. Cryptocurrency Research Scope. This wide-ranging research, which is entitled The Initiative for Cryptocurrency and Contracts (IC3),....
Australian Crypto-Focused Research Firm Supports Government Rebate And R&D For Bitcoin Entrepreneurs
Interconnected Research (ICR), an Australia-based cryptocurrency research and development provider, recently satisfied requirements to remain registered as a Research Service Provider (RSP). The registration makes ICR the only private company that can ensure companies meet the requirements to claim a rebate of up to 43.5 cents on the dollar through the government's R&D Tax Incentive program. An RSP is an organization registered under section 29A of the Industry Research and Development Act of 1986 in Australia. The registration means it has the appropriate scientific or technical expertise....