The UK government has issued a call for information on digital currencies, as it looks to gather more data on their benefits and risks to the UK economy.

While Bitcoin is the highest-profile example of a digital currency, the UK Treasury notes that hundreds of others are currently in circulation with a range of different characteristics.

It considers that such currencies have the potential to deliver real benefits to UK customers by making payments faster, more convenient and more secure, while reducing fees for businesses compared to traditional payment methods.

The government believes, however, that there are also a number of potential risks surrounding the use of digital currencies...

Premium subscribers continue here to the full article.

Related