The Royal mint of great Britain, which is responsible for the production of all the physical money in circulation in the country, announced the launch of its cryptocurrency with gold backing. Coin based on the blockchain technology, called the Royal Mint Gold (RMG) is the digital equivalent of gold, which is stored in the repository… More
Signed a partnership between the Cambridge startup Blockchain and the British firm IHS, Markit, specializing in the analysis of data. In partnership with Cambridge Blockchain will complement existing IHS Markit services aimed at the prevention of money laundering through crypto-currencies and compliance with the policy “Know your customer” (KYC). About this informed the head of… More
British Prime Minister Theresa may said that her administration will examine the issue of cryptocurrencies, including bitcoin, after warnings about the use of their underworld. In an interview with Bloomberg behind the scenes of the world economic forum in Davos, Switzerland, British Prime Minister, Theresa may, discussed the possible “harassment” of such technology companies as… More
Special authority to the British government on the development of technologies – Innovate UK boosts support companies that work with blockchain technology. Innovate UK, not belonging to any of the departments, said that invests in projects that develop products or services with the use of new technologies including the blockchain, 19 million pounds (26.6 million… More
The Bank of England abandoned plans to create its own digital currency due to concerns over its impact on the financial system. The Central Bank are integrated Kingdom, told FTAdviser that he had no plans to launch its own cryptocurrency, but he will continue research on this topic. The announcement came a few days after… More
Research center of the Bank of England (BoE) is considering creating a cryptocurrency pegged to the pound sterling. According to the newspaper Telegraph, it is expected that the team will provide a report on the results of investigations within 12 months. If this project is approved, issued by the Central Bank cryptocurrency will allow British… More
Last Friday the British financial regulator has announced that it will conduct a further analysis of the applicability of national laws to the ICO to determine the need for “further regulatory action”. In particular the statement of the office of financial regulation (FCA) said that it intends to conduct a “deeper analysis” of events, collecting… More
Proponents of bitcoin understand that the official policy of the regulation and the statements of many governments caused not by threats or tax evasion, as a continuous and unprecedented high growth rates for the world’s most popular cryptocurrency. In a local publication that the Ministry of Finance of great Britain “launches the crackdown against the… More
The UK Treasury has announced plans to strongly regulate the cryptocurrency in order to prevent money laundering and tax evasion. No specific details of future regulations is unknown, but they will include practices for combating money laundering – AML and KYC. Regulations should enter into force before the end of 2017 or early 2018. Advanced… More
The house of lords, the upper chamber of the UK Parliament published a report that highlights the capabilities of technology distributed registries (DLT) in the field of public services. The technology can be used in all sectors, including customs and immigration, national security and public security, health, cybersecurity and more. The report States that the… More