UK Government to Consider Digital Currency Regulation

The UK government will look into how virtual and digital currencies could or should be regulated, the UK Chancellor of the Exchequer said at the launch of a fintech industry body in London. Speaking at the launch event of Innovate Finance in Level39, Canary Wharf’s Group accelerator for fintech startups, George Osborne said the government will look at the potential virtual and digital currencies have for encouraging innovation in the UK’s financial sector, as well as the potential risks.