On November 3, 2014, the UK government launched a call for information on the benefits and risks of digital currencies. Bitcoins are the most well-known type of digital currency although others are in circulation. The UK government would like to support innovation in the financial technology area but at the same time wishes to assess whether action is required to mitigate risks associated with any such innovation. The call for information focuses on digital currencies as a means of payment instead of as a speculative investment. The consultation closes on December 3, 2014.

The call for information is available at:

https://www.gov.uk/government/consultations/digital-currencies-call-for-information.