London says it'll regulate digital money

London

BRITAIN took a significant step towards becoming a global bitcoin hub on Wednesday as the government announced it would regulate digital currencies for the first time by applying anti-money laundering rules to exchanges.

Already the centre of the US$5 trillion-a-day market for traditional currencies, the UK is fast emerging as a centre for digital currencies too, cementing its place as European's financial technology, or "FinTech", capital.