HM Treasury has published its response to its November 2014 call for information on digital currencies.
The document summarises the submissions received and outlines the Government’s views and proposed next steps. Amongst other things, the Government intends to:
- apply anti-money laundering regulation to digital currency exchanges in the UK. The Government will formally consult on the proposed regulatory approach early in the next Parliament;
- work with British Standards Institution and the digital currency industry to develop voluntary standards for consumer protection; and
- address the research opportunities and challenges for digital currency technology with a new research initiative and an increase in research funding.
View Digital currencies: response to the call for evidence, 18 March 2015