UK Government to Support Creation of Bitcoin Hub in London?

UK Government to Support Creation of Bitcoin Hub in London?

London has been informally known as the global bitcoin hub, as the cryptocurrency community in this city has grown significantly and the UK government itself adopts a relatively open-minded approach to developments in the industry. Now that the elections are over and the Conservatives are still in power, many believe that this could pave the way for increased adoption of the digital currency in the region. Of course the government and the central bank are concerned about the potential usage of bitcoin in money laundering activities, which is why officials recently explained "The government....


Related News

France Creates National FinTech Program to Rival London, New York

Not wanting to be left behind in the global FinTech engineering race, corporate leaders from around France have banded together to create the France FinTech association. FinTech has become a hot topic worldwide, as new financial service technologies and business have been springing up over the last two years. Technological hotbeds like London, New York, and Silicon Valley are on the cutting edge of the latest advancements in finance, technology, and engineering. Innovations include digital currencies like Bitcoin, regulation and oversight initiatives like New York’s BitLicense, and....

Bitcoin Revolution London Style

Bitcoin revolution is taking the world by storm and London is fast emerging to be the hotspot for everything related to Bitcoin. This January, London successfully hosted the Bitcoin Expo and will host a new series of workshops for developers, popular as DevCore London, in April. DevCore London will feature prominent speakers such as Bitcoin Foundation Chief Scientist Gavin Andresen, Blockchain's CEO Peter Smith and Lead Developer Matt Tuzzolo. The UK government is also making substantial efforts in order to ensure that the residents have access to the latest technological advancements....

Can London be a Global Bitcoin Hub?

A month after the British government announced plans to implement stricter regulation on bitcoin, other authorities have expressed their desire to make London a hub for the digital currency. Support for the bitcoin was seen as a step closer to financial innovation and leadership, although officials still clarified that regulations should be implemented to prevent the use of the cryptocurrency in criminal activities. Elsewhere in the city, bitcoin enthusiasts have formed a club to discuss ideas on the industry and regularly hold meetings every Tuesday evening. Called the CoinScrum, the....

Chinese Government Explores Digital Currency Technology with the Blockchain Working Group

Chinese Government has announced the creation of a Blockchain Working Group to develop and implement distributed ledger technology in the country. The Chinese government, in an attempt to keep up with the rapidly changing tech scenario, has announced the creation of a Blockchain Working Group. Through this working group, the Dragon state intends to forge strategic alliances with digital currency technology related businesses to accelerate the development and implementation of blockchain technology. The creation of Chinese Blockchain Working Group coincides with the preparation for upcoming....

Should the UK Create Its Own Cryptocurrency?

London has been trying to establish itself as the global hub of bitcoin, with more and more cryptocurrency enthusiasts freely able to exchange ideas about the industry in this city. In addition, the UK government has taken a relatively open-minded stance in taking cryptocurrency developments in stride. According to Citi, the UK government should create its own cryptocurrency to spearhead the shift to a more technologically-advanced shift in monetary systems and payments. "The greatest benefits of digital currencies can be realised through the government issuing a digital form of legal....