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UK prepares for regulation of digital currencies

19th March 2015 9:29 am GMT

The growth of cryptocurrencies such as Bitcoin has been boosted by the news that the UK government has begun preparing for the regulation of the nascent industry, pledging £10m to be invested into research of its uses.

In Wednesday’s Budget 2015, the UK Chancellor of the Exchequer George Osborne set out a series of measures to aid the growth of digital currencies and ensure this occurred in a securely regulated environment.

Osborne announced that the government would [...]

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