Following a consultation published last year, the Government has published its report on the benefits offered by digital currencies and the technology that underpins them. The report recognises the benefits of digital currencies but also highlights some concerns around the use of digital currencies such as the lack of a regulatory framework; and the risk of criminal use of digital currencies. The government have outlined their next steps in the report, which include applying anti-money laundering regulation to digital currency exchanges in the UK; and working with the British Standards Institution and the digital currency industry to develop voluntary standards for consumer protection.

HM Treasury Press Release and Report