On November 3, the UK Treasury issued a call for information on digital currencies, including Bitcoin. Views are being solicited from the public, the financial services industry, regulators, and law enforcement agencies. Commenters are asked to provide their views on how digital currencies can improve customer payments as well as encourage financial innovation. Commenters are also requested to address whether virtual currencies present any risks to users or to financial stability. The call for information closes on December 3.
The UK Treasury follows the UK Chancellor’s announcement on August 6 that the government was starting a program to address the regulation of virtual currencies.