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The Bank of England released a report today after what it termed a lengthy investigation about digital currencies like Bitcoin.
The UK government announced a US$14.6 million research fund to look into opportunities in digital currencies.
UK Chancellor of the Exchequer George Osborne is expected to announce the government's digital currency plans following the new budget.
George Osborne, the UK's Chancellor of the Exchequer, has to resolve the problem of getting a bank account in the United Kingdom for Bitcoin-related companies.
The City of London has long been considered the financial hub of Europe, and the inclusion of Bitcoin company, Blockchain, on last weeks trade delegation to South East Asia
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In a renowned tech-hub in London, people gathered to sip on alcohol, watch musical performance, and explore the world of digital currency.
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