09 Aug '14, 4pm

Britain could legitimize Bitcoin through regulation

It’s been a good week for Bitcoin. In addition to Blocksign’s Bitcoin-based electric signature launch on Tuesday, Britain’s Chancellor of the Exchequer, George Osborne is signaling that the UK wants to regulate Bitcoin , or virtual currency systems like it, as legal, digital cash, reports the Daily Mail. Britain’s top financial cabinet minister George Osborne spoke at Level 39’s Innovate Finance launch event Tuesday when he stated the government’s intention to make London the Financial Technology (“FinTech”) company of the world. The FinTech focused reforms that the Chancellor referred to are to start with government studies, or what Osborne calls the “a major programme of work exploring the potential of virtual currencies and digital money.” Osbourne went on to state how important virtual currencies, mobile payments and other digital financial technologies are to modern e...

Full article: http://venturebeat.com/2014/08/09/britain-could-legitimiz...

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