Treasury to seek advice from bitcoin community

UK hopes to lead world in financial technology so is turning to users of digital currencies for fact-finding mission
The government is asking the bitcoin community for advice on dealing with cryptocurrencies, in an effort to bolster Britain’s lead in the financial technology sector.
The Treasury is asking for information on new digital currencies from the public, law enforcement agencies and financial regulators – but also from so-called ‘FinTech’ firms, which include bitcoin afficionados.
Bitcoin is largely unregulated across the globe, although New York’s department of financial services has suggested creating a ‘bitlicense’ to impose some constraints on the currency.

This post was published at The Guardian on 3 November 2014 19.59 GMT.