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Sponsored by Gem Generally Favorable State of Bitcoin Q1 2015


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Sponsored by Gem
Generally Favorable Response to UK’s Initial
Cryptocurrency Regulatory Framework
83State of Bitcoin Q1 2015
Sources: HM Treasury, CoinDesk
Core elements of the HM Treasury proposal:
• Curb criminal activity via AML regulation
• Allow cryptocurrency companies to opt-in to
standardized consumer protections
• Proposed injecting £10m into digital currencies
• “A light touch approach” (Marc
Warne, Bittylicious)
• “Help score banking
relationships” (Hugh Halford-
Thompson, QuickBitcoin)
• “[Should] limit this to fiat-to-
crypto exchanges” (Marc
Warne, Bittylicious)
• “Will force the UK's bitcoin
companies to move abroad”
(Akin Fernandez, Azteco)
Positive Reactions Negative Reactions

Published in: Economy & Finance, Internet