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This is a good sign for the bitcoin industry in the U.K. as the British Government has yet to adopt a strong stance on the subject. On the one hand, bitcoin companies should expect anti-money laundering regulation; on the other hand, the Bank of England has issued multiple favorable statements toward the cryptocurrency as Coindesk noticed. “While existing private digital currencies have economic flaws which make them volatile, the distributed ledger technology that their payment systems rely on may have considerable promise,” the Bank of England wrote in February. And bringing a bitcoin company to a trade mission is yet another sign that the U.K. wants to play an important role when it comes to welcoming bitcoin startups and becoming a bitcoin hub. This is not the kind of company that you would expect on an official trip to Indonesia, Singapore, Vietnam and Malaysia. “There are a couple of peer-to-peer loan companies and then there’s an e-commerce company and a bank software-as-a-service provider,” Blockchain co-founder and CEO Peter Smith told me. “Other big companies on the delegation are massive infrastructure companies.” London-based startup Blockchain has been growing quite a lot lately. The number of transactions using Blockchain’s wallets and API has doubled over the past six months, and the company now has 4 million users. The team also raised $30 million in October 2014. FULL ARTICLE

Profile for ROCK LEGEND NEWS

Rock Legend News September 2018 Issue Featuring Bass Legend Leo Lyons Ten Years After founder  

Plus Leo Lyons band Hundred Seventy Split. Also, Alvin Lee, Chick Churchill, Ric Lee and Leo Lyons associations with UFO and Pete Way’s Ways...

Rock Legend News September 2018 Issue Featuring Bass Legend Leo Lyons Ten Years After founder  

Plus Leo Lyons band Hundred Seventy Split. Also, Alvin Lee, Chick Churchill, Ric Lee and Leo Lyons associations with UFO and Pete Way’s Ways...