techcrunch.com / Romain Dillet / July 31, 2015
In many countries, when it comes to regulating bitcoin companies, it’s still mostly a work in progress. Some governments want to restrict bitcoin quite a lot, while others are adopting a more favorable stance. The U.K. has been the financial hub of Europe for decades now, and it looks like it plans to do the same thing with bitcoin. British Prime Minister David Cameron is currently wrapping up his first trade mission since re-election in South East Asia, and he brought the usual suspects (Lloyd’s of London, Rolls-Royce…) as well as a bitcoin company,Blockchain.
This is a good signal for the bitcoin industry in the U.K. as the British Government has yet to adopt a strong stance on the subject. On the one hand, bitcoin companies should expect anti-money laundering regulation, on the other hand, the Bank of England has issued multiple favorable statements toward the cryptocurrency as Coindesk noticed.