British Chancellor George Osborne Buys Into Bitcoin
British Chancellor of the Exchequer, George Osborne, Acknowledges Bitcoin. Today, the U. K.'s Chancellor of the Exchequer, George Osborne, bought bitcoins for the first time from Cointrader.net's Bitcoin ATM powered by Robocoin. Mr. Osborne declared that it was his intention to explore the potential for using digital currencies, such as Bitcoin, to better access finance for small businesses. He went on to explain how regulation of virtual and digital currencies, and the risks associated with them, were to be explored in a bid to boost the UK's Financial Technology (FinTech) sector. British....
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UK Chancellor George Osborne who has previously declared his intention to explore digital currencies like Bitcoin has now reiterated his stance during a recent conference in London. The UK's Chancellor of the Exchequer, George Osborne spoke about digital currencies at the Bank of England's Open Forum conference. The Chancellor reiterated the UK Treasury's recent stance of welcoming Fintech investment and opening the doors for the UK to be a major destination for new financial technology. As reported by The Financial Times, Osborne said: I want the U. K. to be the global center of fintech.....
George Osborne, the UK's Chancellor of the Exchequer, has issued new remarks about digital currencies. Speaking at the Bank of England's Open Forum conference earlier this morning, Osborne re-emphasised his desire for London to be a world leader in both FinTech and digital currencies. According to Bloomberg, Osborne commented on the potential of the "once dismissed" alternative currencies, saying: "[Digital currencies] may now well play a big part in our financial future." During his opening remarks, the Chancellor also touched upon the topic of innovation, noting that the UK was committed....
George Osborne, the UK's Chancellor of the Exchequer, has to resolve the problem of getting a bank account in the United Kingdom for Bitcoin-related companies. UK banks are currently refusing BTC businesses to open standard banking accounts. Thus, even if Bitcoin startups have FCA support and are licensed, they are still unable to operate without a traditional bank account. BTC market experts expect George Osborne to act after the announcement to support digital currencies-friendly regulations was made during the Bank of England's Open Forum on November 11. George Basiladze, the CEO of....
During 2014 we saw several occasions of significant political figures from the UK having a bitcoin-friendly stance. UK Shadow Minister Chi Onwurah and Chancellor of the Exchequer, George Osborne both showed their appreciation towards the potential of bitcoin. Osborne in specific commissioned the Treasury to produce a programme of work on cryptocurrencies. It looked like UK politics were looking forward on helping the UK becoming a global centre for the Bitcoin economy. It now becomes obvious that UK banks probably perceived this as a threat. The British Bankers Association, which....
Chancellor George Osborne has announced a new initiative that will explore the potential role of cryptocurrencies in Britain's economy. Osborne has commissioned the Treasury to produce a programme of work on cryptocurrencies, examining their potential risks and benefits. The results, due to be published in the Autumn, could pave the way toward a new regulatory framework for cryptocurrencies in Britain. "These alternative payment systems are popular as they are quick, cheap and convenient I want to see if we can make more use of them for the benefit of the UK economy," he said during his....