The UK Government’s Ministry for Economy and Finance - Her Majesty’s Treasury, tasked with setting the UK’s future economic policies is steadfast in its approval and welcoming of block chain technology and digital currencies. It started when the UK Treasury issued a public call in November 2014, seeking inputs for ways to effectively regulate digital currency. “What are the potential benefits of (this) distributed ledger technology? How significant are these benefits?” was one of 13 questions asked during the “call for information”; while fully acknowledging the fact that intermediaries such as banks wouldn’t be needed in such a system. In […]
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