Today George Osborne made a speech unveiling a plan intended to make Britain the global centre for financial innovation and plans to examine the potential for virtual and digital currencies in the UK.
Commenting on Mr. Osborne's comments, Simon Hamblin, CEO of Netagio, the UK's first Bitcoin, gold, sterling exchange said, "Mr. Osborne's comments are very encouraging and we have long awaited some direction from the Government and Regulators. This is an exciting time to drive greater innovation in the financial services industry, for Bitcoin businesses, retail and institutional investors and merchants. The UK's offshore jurisdictions are already strong supporters of alternative currencies and by bringing together a common approach, this could position the UK as one of the leading centres for digital currency innovation."
If you'd like to speak to Simon Hamblin, CEO Netagio, please do get in touch.
Full speech by George Osborne available here: https://www.gov.uk/government/speeches/chancellor-on-developing-fintech
