The government has announced its intention to apply anti-money
laundering regulation to digital currency exchanges in the UK. It
is hoped that regulation will not only prevent criminal use of
digital currencies, such as Bitcoin, but support
innovation.
Regulation would be intended to ensure the environment was ready
to allow digital currencies to flourish, while at the same time
discouraging those who wanted to use digital currencies for illicit
reasons.
By: Katie Collins,
