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UK Cards response to HMT Consultation Digital Currencies: Call for Information

HM Treasury launched a request for information on how they should approach digital currencies in the future. The request comes after the Chancellor said he was preparing to review the approach to digital currencies in August 2014. The consultation document requests responses to a number of questions relating to virtual currencies and the benefits of potential types of regulation, whether they should intervene and the role new technology, specifically the ‘distributed ledger’, could play; and risks, specifically relating to user detriment, criminal activity and monetary and financial stability.

To read the full consultation response, click on the link below.

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