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>regulation is coming
Digital currencies, and the distributed ledger technology that underpins them, have the potential to bring innovative services and products to UK customers and firms – particularly in areas like international transfers.
The Chancellor announced in March 2015 that the Government will bring digital currency exchange firms into regulation in the UK to help the legitimate industry flourish, and to create a hostile environment for illicit actors. We will publish proposals on this regulatory regime in due course.
As outlined in Deputy Governor, Ben Broadbent’s recent speech, the Bank of England is also exploring this emerging sector and the implications it could have for monetary and financial stability as part of its broader research agenda.
Separately, academics at University College London’s (UCL) digital currency research centre have also been looking at how the distributed ledger technology that underpins digital currencies could be harnessed by central banks. The Government is encouraged to see this research from one of the UK’s world-leading universities. However, this a theoretical paper by an independent institution, separate from the Bank of England’s work and from Government policy.
It is the Government’s ambition to foster the growth of legitimate digital currency firms as part of the wider FinTech ecosystem here in the UK. As part of this, the Government will consider the wider implications of a growing digital currencies sector for the financial services sector and the economy as a whole. Some parts of Government are also looking at how the benefits of distributed ledger technology can be harnessed to deliver greater innovation. However, the Government and the Bank of England do not currently have any plans to introduce a centrally issued digital currency.
The UK has been rated as having the world’s leading FinTech ecosystem in a recent global benchmarking exercise and attracted c. £524mn in investment in 2015.
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Joooos are coming. will be the old system just with more computers this time.
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>>2462716
http://www.parliament.uk/business/publications/written-questions-answers-statements/written-question/Commons/2016-03-17/31545/
http://www.parliament.uk/business/publications/written-questions-answers-statements/written-question/Commons/2016-03-17/31559/
http://www.parliament.uk/business/publications/written-questions-answers-statements/written-question/Commons/2016-03-17/31558/
http://www.parliament.uk/business/publications/written-questions-answers-statements/written-question/Commons/2016-03-17/31556/
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>>2462716
britcucks have never approved of freedom. what's new?
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>>2462845
who controls the BoE
do they control your bank?
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Why are our govt so dumb? Best of luck to them, theyre about to try and regulate the speed at which pluto orbits the sun and slow it down by a couple hundred mph
literally impossible.
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>>2462716
>tfw the book of revelations is coming true
When is the ICO on 666Coin?
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>>2462960
Fuck the union - im scottish
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>>2463024
Real Scotsmen defend the union they created.
You're either a Fenian or just brainwashed by them.
https://www.youtube.com/watch?v=KMGmuJBKOM8
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>March 2015
This is old news and doesn't say anything particularly significant
Don't panic lads, we're a long way from regulation of crypto
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>>2463074
Fenian
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>>2463092
A lot has happened since 2015 in british politics that has put this on the backburner
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>>2463092
Thing about the UK and every other country in the world is they don't tax you on overseas income like Americucks do.
If you've got a shitload of Bitcoin you can declare yourself non-domicile and go live abroad.
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>>2463024
Third world fgt
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>>2463112
>Im a unionist and you're a separatist, but somehow I am a Fenian
Ok
You'll never win, Feins. No Surrender.
https://www.youtube.com/watch?v=xFOoRAp5QtM
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>>2463154
i was saying im a fenian, if you mean it in the typical knukle dragging hun way of saying celtic supporter not you.
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>>2463143
>muh union
>muh brexit
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>>2463187
Celtic fans are so sad
theyre all sad glory hunting, self hating scottish people who go on about "their grandad was 1/16th irish so im staying true to my heritage"
but none of that matters because:
>celtic fan
opinion discarded.
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>>2463284
let me guess.... you live in a council area and you voted tory?
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