May Says She’ll Look ‘Very Seriously’ at Action on Bitcoin

U.K. Prime Minister Theresa May has promised to consider clamping down on Bitcoin as she raised concerns that cryptocurrencies are being used by criminals.

“In areas like cryptocurrencies, like Bitcoin, we should be looking at these very seriously,” May said in a television interview in Davos with Bloomberg’s Editor-in-Chief John Micklethwait. Action on crypto-currencies may be needed “precisely because of the way they are used, particularly by criminals,” she said.

The digital currency can be used to buy anything from drugs to cupcakes and is seen as having the potential to reshape the global financial system. The price of Bitcoin soared in 2017 but there have been calls for cryptocurrencies to face tougher regulation…

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