Tuesday 04 Nov 2014 @ 12:09
HM Treasury
HM Treasury
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Digital currencies: 5 reasons we’re calling for information
Bitcoin, Litecoin…why we’re calling for information on the benefits and risks of digital currencies.
1. We want to promote innovation and competition in the banking sector
Whether it’s introducing a new way to pay a cheque into the bank, or helping small businesses get the finance that they need to grow, we want to make sure financial and payments technology works better and in the interests of the people that use them on a daily basis.
2. New types of digital currency are being developed and digital currency businesses are setting up in the UK
It is estimated that 20,000 people in the UK currently hold Bitcoins – and around £60m worth are circulating in the UK economy. But we want to get the facts on why people are using them.
Click here for full press release
