UK Government Commits £10 Million to Digital Currency Research
The UK government has confirmed the funding for research into digital currencies, including bitcoin. The UK has made it a priority to become a leader in the FinTech sector, and would consider regulating digital currency only to benefit its economy, businesses and customers.
Press Release – Announcing Secco
PRESS RELEASE. Announcing Secco â Banking Rebooted. Secco is a new UK pre-licence challenger bank â where data is the new money.
Commonwealth Virtual Working Group Meeting London United Kingdom: 24-26 August 2015
The first meeting of the Commonwealth Working Group on Virtual Currencies took place on 24-26 August 2015 in London, UK.
Virtual currency schemes – Chief Economists Workshop
A presentation given by Luc Laeven, Director-General DG Research, around virtual currency schemes, held at the Chief Economists Workshop London, UK.
FinTech Futures – The UK as a World Leader in Financial Technologies – A report by the UK Government Chief Scientific Adviser
This report builds on the current work of HM Treasury and other parts of the Government to provide a longer-term vision for the UK FinTech sector. Its recommendations are intended to provide a firm foundation to support and catalyse the growth of the sector out to 2025. In particular, it makes the case that the Government, regulators, business and academia must work together closely and in innovative ways.
The economics of digital currencies
This article explores the economics of digital currencies â schemes that combine new payment systems with new currencies â and provides an initial view on the consequent implications for the Bank of Englandâs objectives to maintain monetary and financial stability in the United Kingdom. Any potential risks to monetary or financial stability posed by digital currencies will depend on how widely they are used, both today and in the future. The article therefore begins by examining the extent to which digital currencies are currently used as a form of money. As part of evaluating the likely growth in digital currenciesâ usage over time, it next examines the sustainability of the low transaction fees offered by digital currencies at present.
