06 Sep '13, 11am

Bitcoin firms meet UK govt officials as regulation looms

Bitcoin firms meet UK govt officials as regulation looms 7 hours ago | 1042 views | 0 Representatives from the bitcoin community met UK government officials in Downing Street this week amid claims that the Financial Conduct Authority is considering regulating the virtual currency. Representatives from small banks, finance houses and bitcoin start-ups met with civil servants from government departments, including Business, Innovation and Skills on Wednesday. Traditionally, bitcoin's greatest attractions to users have been its anonymity and position outside of the regulated economy. However, Tom Robinson, founder of virtual currency exchange BitPrice, told the Guardian that at Wednesday's meeting he and others were advocating regulation as a way to legitimise the currency and promote new business and economic growth. Robinson says that the main gripe within the industry is t...

Full article: http://www.finextra.com/news/fullstory.aspx?newsitemid=25184

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theguardian.com 05 Sep '13, 8pm

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