05 Sep '13, 5pm

Bitcoin dealers seek official regulation for digital tokens

Bitcoin dealers have told the British government that it should introduce regulation for the digital tokens so they can be used for new businesses and to promote growth. At a Downing Street meeting on Wednesday, smaller banks, finance houses and Bitcoin companies told officials that big banks are blocking the creation of business accounts for money remittance because of fears over financial crime. The meeting, attended by about 40 people, included high-level civil servants from the Department for Business, Innovation and Skills and other government departments interested in Bitcoin's potential, and more generally in how to encourage financial innovation in Britain. While US and German regulators have introduced some regulatory guidance around Bitcoin in recent months – with one US judge ruling that it is a currency, and the German finance ministry ruling it could be used f...

Full article: http://www.theguardian.com/technology/2013/sep/05/bitcoin...

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Bitcoin dealers seek official regulation for di...

theguardian.com 05 Sep '13, 8pm

Bitcoin dealers have told the British government that it should introduce regulation for the digital tokens so they can be...

British Bitcoin dealers ask for government regu...

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