London says it'll regulate digital money
Move is a boon for bitcoin; new rules meant to support innovation, prevent criminal use of such units
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
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.
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
OCBC is said to emerge as lead bidder for HSBC Indonesia assets
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
