The UK government has announced its intention to implement anti-money laundering (AML) regulation on ﻿digital currency exchanges, which it claims will ﻿support innovation and prevent criminal use. The government is launching a new ££10 millionm research initiative that will bring together various research and advisory groups in an effort ﻿to address the research opportunities and challenges for digital currency. UK authorities are reportedly keen to show that they are serious about the prospect of digital currency use in London, but they are also determined to effectively police the technology's darker applications.
The UK government has announced its intention to implement anti-money laundering (AML) regulation on ﻿digital currency exchanges, which it claims will ﻿support innovation and prevent criminal use. The government is launching a new £10m research initiative that will bring together various research and advisory groups in an effort ﻿to address the research opportunities and challenges for digital currency. UK authorities are reportedly keen to show that they are serious about the prospect of digital currency use in London, but they are also determined to effectively police the technology's darker applications.