From Bob’s Guide
‘The financial sector can no longer escape the impact of digital currency. Since the introduction of Bitcoin in 2009, other cryptocurrencies have emerged from the internet and have increased regional independence. Kingdoms and independent ethnicities have gained a sense of identity from using digital currencies, as seen in cases such as MazaCoin which has been adopted by the Lakota people, and Scotcoin which further demonstrations Scotland’s desire to be independent from Great Britain.
According to the Chancellor of the Exchequer, George Osbourne, cryptocurrencies including Bitcoin, are now being studied by officials to become officially traded in the UK. Osbourne announced the government’s plans during the launch of Innovate Finance (a new industry body established to promote the interests of the UK’s rapidly growing financial technology sector) at the beginning of August and highlighted a number of initiatives that he hopes will help fintech companies prosper. “It’s only by harnessing innovations in finance, alongside our existing world class knowledge and skills in financial services, that we’ll ensure Britain’s financial sector continues to meet the diverse needs of businesses and consumers, here and around the globe, and create the jobs and growth we all want to see in the future,” Osborne said.’
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