UK Government Tipped To Reveal Digital Currency Plans

UK Chancellor of the Exchequer George Osborne is expected to announce the government's digital currency plans following the new budget.

Sources close to the groups involved in the consultation process have tipped this week’s 2015 UK budget announcement as the stage for a new government stance on digital currencies.

Taking to the floor in the House of Commons to outline his plans for the financial package, Osborne announced:

[That in this budget] “we take steps to promote competition, back fintech, and encourage new business like global re-insurance.”

How the financial technology sector