On Her Majesty’s Secret Service: The Silent Rise Of Cryptocurrencies In Britain
Sep13

On Her Majesty’s Secret Service: The Silent Rise Of Cryptocurrencies In Britain

The UK may not seem the most likely candidate for a potential cryptocurrency growth market, but prudent regulation on the part of Britain’s government and regulatory bodies and strong forecasts for economic growth present a serious opportunity for digital currency investors and businesses. But the future is not entirely bright: the threat of an increasingly left-wing opposition, an increasingly fragmented Britain, and a strained relationship between the UK and her EU partners, all provide cause for concern. Nevertheless, in the short-term at least, Britain has been silently increasing her attractiveness to cryptocurrency businesses – and, with indications that the UK’s positive attitude to digital money innovation will become a permanent feature of government policy and regulatory thinking, there is a fair chance that Britain will become, as her finance minister hopes, a hub for the development of digital currency business.

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