Tag: HM Treasury

UK Treasury Report Calls for Less Regulation of Digital Currency Wallet Providers

Britain’s finance ministry has released a new report calling for the exemption of strict KYC/AML requirements on digital currency online wallet providers. The 63-page report, Acting Plain for anti-money laundering and counter-terrorist finance, states that as a result of HM Treasury’s call for information on digital currencies in 2014, officials concluded that usage of virtual currencies in illegal activities was quite low. The report states: “Responses also highlighted that some …
[Read More]