UK Plans to apply AML regulations to Bitcoin

By March 18, 2015Bitcoin Business

Bitcoin exchanges in the United Kingdom will soon be regulated by the government, a report released in conjunction with the Chancellor of the Exchequer George Osborne’s 2015 Budget revealed. The government also intends to apply anti-money laundering regulations to Bitcoin and other cryptocurrencies, in a bid to the check the rise of digital currencies-assisted criminal activities while supporting innovation and growth in the revolutionary technology.

The report released by HM Treasury and Andrea Leadsom MP […]

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