Six ways to regulate cryptocurrency without killing it

Six ways to regulate cryptocurrency without killing it

A racecar sponsored by Dogecoin backers. The parody currency is now worth more than $2bn (£1.5bn) Cryptocurrencies and blockchains are here to stay, so now more than ever it’s important governments get ahead and regulate it correctly. Here are six things the UK government can do to protect consumers while not stifling innovation: 1. Clear up the tax situation Blockchains don’t work without a token, and tokens need to be traded in and out of fiat (government backed currencies like the US dollar). This means there will always be a chance to profit (in fiat terms), so HMRC needs […]