Regional reporting insists Her Majesty’s Treasury (Treasury) of the United Kingdom (UK) is “launching a crackdown on the virtual currency Bitcoin amid growing concern it is being used to launder money and dodge tax.” Bitcoin enthusiasts, however, understand that the world’s most popular cryptocurrency’s continual all-time-high price records, rather than terror or tax avoidance, are drawing more governments into formal regulation policy and pronouncements.
Treasury Worries about Bitcoin and Terror, Theft
“These new forms of exchange are expanding rapidly and we’ve got to make sure we don’t get left behind – that’s particularly important in terms of money-laundering, terrorism or pure theft,” explained Labor Party Minister of Parliament (MP) John Mann. Mr. Mann is also a member of the Treasury Committee…
Read Full: UK Ministry of Treasury Plans to Regulate Bitcoin
