UK to spend £10m on cryptocurrency research

Harriet Baldwin, Economic Secretary to the Treasury of UK, in a speech, that she delivered at the Alan Turing Institute for Data Science, has declared a £10million funding for cryptocurrency research.

Baldwin also mentioned that the country was working hard to create the right regime for cryptocurrency businesses and to attract overseas investors to the UK.

She also said that “the fact that we are committed to bringing digital currency exchanges into regulation has been welcomed by the industry, and it’s already resulted in digital currency businesses relocating to the UK.”

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George Osborne Unveils UK Plans to Explore Bitcoin

Chancellor George Osborne has announced a new initiative that will explore the potential role of cryptocurrencies in Britain's economy.

Osborne has commissioned the Treasury to produce a programme of work on cryptocurrencies, examining their potential risks and benefits. The results, due to be published in the Autumn, could pave the way toward a new regulatory framework for cryptocurrencies in Britain.

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Bitcoin Regulation in the UK

Eitan Jankelewitz is a technology lawyer at the law firm Sheridans. He provides commercial legal advice to all kinds of technology businesses, including some operating in the bitcoin economy.

In this article, Jankelewitz explains how UK regulation applies to bitcoin and other digital currencies. He also describes the approach to compliance generally taken by UK businesses.

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Ethereum Blockchain as a Service (EBaaS) on Microsoft

Microsoft and ConsenSys are partnering to offer Ethereum Blockchain as a Service (EBaaS) on Microsoft Azure so Enterprise clients and developers can have a single click cloud based blockchain developer environment. The initial offering contains two tools that allow for rapid development of SmartContract based applications: Ether.Camp - An integrated developer environment, and BlockApps - a private, semi-private Ethereum blockchain environment, can deploy into the public Ethereum environment.

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