https://bitcoinmagazine.com/19641/uk-government-fund-research-digital-currencies-explore-regulation/The government intends to apply anti-money laundering regulation to digital currency exchanges in the United Kingdom, to support innovation and prevent criminal use. The government will formally consult on the proposed regulatory approach early in the next Parliament.
The government will work with BSI (British Standards Institution) and the digital currency industry to develop voluntary standards for consumer protection.
The government is launching a new research initiative that will bring together the Research Councils, Alan Turing Institute and Digital Catapult with industry in order to address the research opportunities and challenges for digital currency technology, and will increase research funding in this area by £10 million (U.S. $14.6 million) to support this.
Time to start focusing on bitGBP? and create a regulated gateway? Any takers (im in the UK )
Topic: UK Government to Fund Research in Digital Currencies and Explore Regulation (Read 891 times)
