The UK has failed to take a clear position on the question of regulating digital currencies. This could have potentially damaging consequences.
Following recent money-laundering arrests, cyber-attacks and high-profile hacks, the controversies surrounding Bitcoin show no sign of abating. Since its creation in 2008, the digital currency has never strayed too far from public attention, especially given its association with the illicit online marketplace ‘Silk Road’. The exponential growth in its popularity – thanks partly to it briefly being more valuable than gold in November 2013 – has only been matched by concerns
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