Reports suggest that the UK Chancellor of the Exchequer, George Osborne, is highly knowledgeable about blockchain technology, and plans to be proactive in formulating the government's approach to it. In particular, they point to legislation on open APIs and access to finance. Lawrence Wintermeyer, the CEO of Innovate Finance, a lobby group set up by Osborne, said that "the legislation has been put in place and at a certain time over 2014, we will have an open standard for conducting payments transactions."
Reports suggest that the UK Chancellor of the Exchequer, George Osborne, is highly knowledgeable about blockchain technology, and plans to be proactive in formulating the government's approach to it. In particular, they point to legislation on open APIs and access to finance. Lawrence Wintermeyer, the CEO of Innovate Finance, a lobby group set up by Osborne, said that "the legislation has been put in place and at a certain time over the next 24 months, we will have an open standard for conducting payments transactions."